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