MotoRefi, an Arlington, VA-based innovative auto refinance platform, raised $8.6M in Series A funding.
The round was co-led by Accomplice and Link Ventures with participation from Motley Fool Ventures, CMFG Ventures (part of CUNA Mutual Group), Gaingels and others. Rob Chaplinsky, Managing Director of Link Ventures, and Rachel Holt, former Uber executive and Co-Founder at Construct Capital, joined the Board.
The company, incubated by QED Investors, will use the funding to scale the team, invest further in its technology platform, add new lenders and partners.
Led by Kevin Bennett, CEO, MotoRefi offers a technology-driven solution which allows customers to refinancing their auto loans via a transparent process and partnerships with lenders, like credit unions and community banks.