Americas Series with David Yakobovitch: How to save money on your auto financing with MotoRefi

A car is the second biggest asset for many people, but only a few treat its financing as they would do a mortgage for a house. How do you refinance auto financing? Learn more about auto FinTech with Kevin Bennett, CEO of MotoRefi in Americas Series with David Yakobovitch.

Show Notes

David Yakobovitch spoke to Kevin Bennett, CEO of MotoRefi, about auto FinTech, its potential and how MotoRefi helps consumers save money on their car loans.

Here is what they covered:

What MotoRefi is and does

• Saves consumers $100/month 
• Instant refi on their auto loans
• Origin story 

Auto finance as an underlooked area of fintech 

• Low awareness among consumers
• Virtually no one was trying to solve this problem 
• HUGE market - $1.3 trillion industry in US alone
• Self-service API Ecosystem

 FinTech for the loans/finance, in particular, is a movement 

• Mortgages
• Students loans / personal loans
• Now auto loans too 
• Sofi, Even Financial, and Trellis

Growth thus far & recent news

• Series A1 fundraise 
• 2020 - 6x’d revenue, tripled headcount
• New office in DC, added new senior hires

Final thought

“Most people’s cars aren’t doing them any favors when it comes to their finances, we’re on a mission to change this.” - MotoRefi CEO Kevin Bennett on overlooked auto FinTech 

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