RateGenius, Inc., an Austin, Texas-based online auto refinance marketplace, completed a recapitalization and growth investment with Tritium Partners.
The amount of the deal was not disclosed.
Investors Bank provided debt financing for the transaction.
The company will use the proceeds from the investment to expand adotion of its solutions.
founded in 1999 by Chris Brown, CEO, RateGenius helps match consumers with cost-saving auto refinance opportunities through its lender network without charging consumers any fees. The company is currently partnered with over 160 lenders nationwide. In connection with the refinancing process, RateGenius also provides consumers with other products which reduce the financial risk of auto ownership, including Guaranteed Asset Protection (GAP) and Vehicle Service Contract (VSC) products.