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FT Partners Advises AutoFi on its $85,000,000 Financing

Overview of Transaction

  • On March 7, 2022, AutoFi announced that it raised $85 million in financing from investors Santander Holdings USA, Inc., SVB Financial Group, the parent of Silicon Valley Bank, and Crosslink Capital
  • AutoFi is the leading commerce platform for end-to-end digital automotive sales and financing, powering billions of dollars in transactions every year
  • AutoFi’s platform processed more than one million automotive financing requests that resulted in more than $3 billion in vehicle sales in 2021
  • AutoFi’s best-in-class products, connectivity with top automotive dealers, digital retailers, banks, OEMs, and online marketplaces, have driven four consecutive years of 100% revenue growth

Significance of Transaction

  • With this additional capital, AutoFi will double down on its mission to bring joy and trust to the automotive market by enabling banks, captives and specialty finance companies to better support the massive transition of offline to online commerce
  • The investment will further innovation in transformative retailing experiences like its new “RealPayments” offering, which allows for finance companies to extend their decisioning and pricing capabilities into point-of-search shopping experiences. In seconds, consumers can pre-qualify for financing and see their actual price and monthly payment across thousands of vehicles

FT Partners' Role

  • FT Partners acted as exclusive financial and strategic advisor to AutoFi
  • This transaction underscores FT Partners' deep online marketplace expertise and successful track record of generating favorable outcomes for leading companies in the space