MOTOREFI: RAISES A ADDITIONAL $5M FOR FINANCING

MotoRefi Earns an Additional $5M in Finance.

• MotoRefi is a Washington DC-based auto fintech company that was able to raise an additional $5m in the capital.
• Curql Fund invested, which allows MotoRefi to be transformed into a Credit Union Service Organization (CUSO)
• The company gives access to more loan borrowers, increasing their membership base and providing services to their communities on a larger scale.
• The company offers an online platform that allows users to refinance car loans via relationships with trusted lenders such as credit unions and community banks.
• The business, founded with the help of QED Investors, is backed by Goldman Sachs Asset Management Growth Equity, IA Capital, Moderne Ventures, and Accomplice.
• The additional funds came after MotoRef announced that it had raised $45m from Series B financing at the end of May. It brings the total to $50 million.

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