SAN FRANCISCO — Ford Motor is hoping to speed up the new car buying process with the introduction of an online loan program powered by AutoFi. Ford also is making an investment for an undisclosed sum in the Bay Area startup, which has raised $20 million since launching nearly two years ago, accordin...
AutoFi has raised $10 million in its quest to make it easier to take out a car loan.
The San Francisco-based financial technology company said on Thursday it has completed a Series A funding round, with investors including Crosslink Capital, Ford Motor Credit Company and Lerer Hippeau Ventures.
“More and more consumers want to not only start, but also complete their car buying journey online—we’re building a financial technology company that will provide dealers and online car marketplaces with a point of sale solution to serve this new online channel.”