IRVINE, Calif. — AutoGravity’s car-shopping and financing platform surpassed $2 billion in finance amount requested in 2017, the fintech firm said this week.
AutoGravity allows car buyers to browse thousands of cars and get up to four tailored finance offers. Launched in 2016, the fintech firm expanded from 100,000 users in its first six months to more than 1.3 million users, most of whom are convenience-seeking millennials, company officials said.
“With more than $2 billion in finance amount requested in 2017, AutoGravity is at the forefront of digitizing the car-buying and financing experience,” said AutoGravity CEO Andy Hinrichs. “AutoGravity technology makes it possible for car buyers to access any showroom right from their smartphone, take control with personalized payments on any car in minutes, close the deal, and drive off the lot with confidence.”
AutoGravity has built partnerships with major auto finance sources, including Mercedes-Benz Financial Services, Audi Financial Services, Volkswagen Credit and Hyundai Capital America. Additionally, AutoGravity has partnered with the Top 5 dealer groups in the U.S. and currently serves a network of more than 2,000 dealers.
Originally posted on F&I and Showroom