MotoRefi, an Arlington, VA-based auto refinancing startup, raised $10m in Series A-1 funding round.
The round was led by Moderne Ventures, whose partner Liza Benson will join MotoRefi’s board.
The company will use the funds to continue to expand its operations, and its business reach and development efforts.
Led by Kevin Bennett, CEO, MotoRefi partners with lenders like credit unions and community banks to bring customers low rates and monthly payments.
The company, incubated by QED Investors, is backed by Accomplice, Link Ventures, Motley Fool, CMFG Ventures (part of CUNA Mutual Group), Gaingels, FireBolt Ventures, and others.