Santander Holdings USA was among the participants in a round valuing the online automotive finance provider at almost $700m.

AutoFi, a US-based provider of online automotive sales and financing technology, received $85m in funding today from investors including Santander Holdings USA, a subsidiary of financial services firm Santander.

Venture finance provider SVB Financial Group and venture capital firm Crosslink Capital filled out the round, which valued the company at nearly $700m.

Founded in 2015, AutoFi has built an online platform which connects automotive retailers and lenders to provide car buyers with easy and convenient access to financing options and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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