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

<p><a href="https://www.linkedin.com/in/davidyakobovitch/">David Yakobovitch</a> spoke to <a href="https://www.linkedin.com/in/kevinspencerbennett%20">Kevin Bennett</a>, CEO of <a href="https://www.motorefi.com/">MotoRefi</a>, about auto FinTech, its potential and how MotoRefi helps consumers save money on their car loans. </p><p>Here is what they covered:</p><p><strong>What MotoRefi is and does</strong></p><ul> <li>Saves consumers $100/month </li> <li>Instant refi on their auto loans</li> <li>Origin story </li> </ul><p><br></p><p><strong>Auto finance as an underlooked area of fintech </strong></p><ul> <li>Low awareness among consumers</li> <li>Virtually no one was trying to solve this problem </li> <li>HUGE market - $1.3 trillion industry in US alone</li> <li>Self-service API Ecosystem</li> </ul><p><br></p><p><strong> FinTech for the loans/finance, in particular, is a movement </strong></p><ul> <li>Mortgages</li> <li>Students loans / personal loans</li> <li>Now auto loans too </li> <li> <a href="https://www.sofi.com/">Sofi</a>, <a href="https://evenfinancial.com/">Even Financial</a>, and <a href="https://trellis.co/blog/the-rise-of-fintech">Trellis</a> </li> </ul><p><br></p><p><strong>Growth thus far &amp; recent news</strong></p><ul> <li><a href="https://techcrunch.com/2021/01/22/motorefi-raises-10m-to-keep-pedal-on-auto-refinancing-growth/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAF_twAms-5N-dEagg98I2hKuN4_nskgI41BDOkWKchbFWHKLNkzV8Sb0YGlvaUX70gggcjPh7ShDPL0sKmfQQZxTPoC3VTSZkZm6R_KmYhNfF8i-EiuX1KhN2SDiMt0MToWdlx4nn72zxB0tZOIi_87ql6RbC-Exgp38ep-xKdS7">Series A1 fundraise </a></li> <li>2020 - 6x’d revenue, tripled headcount</li> <li>New office in DC, added new senior hires</li> </ul><p><strong>Final thought</strong></p>“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