AutoFi - About the company
AutoFi is a series B company based in San Francisco (United States), founded in 2015 by Jonathan T. Palan, Mandar Gokhale and Kevin Singerman. It operates as a Cloud-driven loan lifecycle management solution for automobile financing. AutoFi has raised $127M in funding from investors like Crosslink Capital, Lerer Hippeau and FJ Labs, with a current valuation of $*****. The company has 154 active competitors, including 44 funded and 24 that have exited. Its top competitors include companies like Upstart, Sparkfund and Linedata.
Company Details
Cloud-driven loan lifecycle management solution for automobile financing. It offers a solution that enables automobile dealers, enterprises, and lenders to provide automobile purchase, trade-in, and financing options to the end customers. It also provides digital retail tools, remote sales tools, customer insights, F&I product presentations, financing integration and more.
- Website
- autofi.com
- Registered Address
- San Francisco, California
Key Metrics
Founded Year
2015
Location
San Francisco, United States
Stage
Series B
Total Funding
$127M in 7 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 07, 2022
Investors
Ranked
4th among 154 active competitors
Employee Count
198 as on Mar 31, 2026
Legal entities associated with AutoFi
AutoFi is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Autofi, Inc. CIN: 474161798 , United States, Active | May 21, 2015 | - | 153 (As on Dec 31, 2024) | - |
AutoFi, Inc. CIN: 20161271974 , United States, Deadpooled | Apr 20, 2016 | - | - | - |
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AutoFi's funding and investors
AutoFi has raised a total funding of $127M over 7 rounds. Its first funding round was on 2015. Its latest funding round was a Series B round on Mar 07, 2022 for $*****. 3 investors participated in its latest round. AutoFi has 18 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of AutoFi:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 07, 2022 | 3268223 | Series B | 1182219 | 7722537 | 6954450 | 2419147 |
Feb 13, 2020 | 2924702 | Series A | 3459406 | 8952114 | 1121428 | 8903961 |
Apr 25, 2019 | 1580153 | Series A | 4585107 | 8643451 | 3529697 | 2661528 |
View details of AutoFi's funding rounds and investors
AutoFi's founders and board of directors
Founder? Claim ProfileThe founders of AutoFi are Jonathan T. Palan, Mandar Gokhale and Kevin Singerman. Kevin Singerman is the CEO of AutoFi.
Here are the details of AutoFi's key team members:
- Jonathan T. Palan: Former Co-Founder & President of AutoFi.
- Mandar Gokhale: CTO & Co-founder of AutoFi.
- Kevin Singerman: CEO and Co-Founder of AutoFi.
View details of AutoFi's Founder profiles and Board Members
AutoFi's employee count trend
AutoFi has 198 employees as of Mar 26. Here is AutoFi's employee count trend over the years:
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AutoFi's Competitors and alternates
Top competitors of AutoFi include Upstart, Sparkfund and Linedata. Here is the list of Top 10 competitors of AutoFi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Upstart 2012, Palo Alto (United States), Public | AI-enabled online marketplace offering diversified loans to consumers and businesses | $129M | 79/100 | |
2nd | Sparkfund 2013, Washington, DC (United States), Series C | Subscription-based energy as a service provider | $49.9M | 65/100 | |
3rd | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
4th | AutoFi 2015, San Francisco (United States), Series B | Cloud-driven loan lifecycle management solution for automobile financing | $127M | 63/100 | |
5th | GreenSky 2006, Atlanta (United States), Acquired | Lending as a service platform for consumer financing | $610M | 61/100 | |
6th | Lendflow 2019, Houston (United States), Series A | Provider of cloud-based lending solutions | $13M | 61/100 | |
7th | OatFi 2021, New York City (United States), Series A | Provider of API-driven working capital solutions for B2B payments platforms | $35.2M | 60/100 | |
8th | NetSol Tech 1979, Calabasas (United States), Public | Developer of an AI-driven platform for asset finance and retail | - | - | 58/100 |
9th | Cloud Lending 2013, Foster City (United States), Acquired | Provider of digital banking solutions for financial institutions and their clients | $16.1M | 56/100 | |
10th | StoneEagle F&I 2019, Richardson (United States), Acquired | F&I menu, metrics & administration solution for auto-dealers | - | - | 55/100 |
Looking for more details on AutoFi's competitors? Click here to see the top ones
AutoFi's Investments and acquisitions
AutoFi has made no investments or acquisitions yet.
Reports related to AutoFi
Here is the latest report on AutoFi's sector:
News related to AutoFi
Media has covered AutoFi for 1 event in last 1 year, It was about partnerships.
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Mitsubishi Motors launches innovative digital solution for car buyingRetail Insight Network•Feb 07, 2024•Mitsubishi Motors North America, AutoFi, Santander Consumer USA
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AutoFi's platform expansion delivers great results with 70% reduction in deal timecrast.net•Jan 09, 2024•AutoFi
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AutoFi's platform expansion delivers great results with 70% reduction in deal timecrast.net•Jan 08, 2024•AutoFi
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TD Auto Finance Joins AutoFi Network of Lenders, Providing Fast and Easy Online Automotive FinancingBusiness Wire•Apr 19, 2022•TD Bank, AutoFi
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AutoFi Raises $85 Million To Expand Online Auto Finance BusinessCarandbike•Mar 14, 2022•AutoFi, Santander Holdings USA, SVB, Crosslink Capital and 4 others
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