SAN FRANCISCO — Fintech firm AutoFi, which has developed a point-of-sale solution for auto finance, today announced the addition of iLendingDIRECT and its network of credit unions to its platform. The firm also announced its expansion into the used-vehicle market.
“People want buying a car to be fast, straightforward and more transparent. That’s why AutoFi is working with lenders and dealerships to make the process easier through online sales and financing,” said Kevin Singerman, CEO of AutoFi. “Bringing iLendingDIRECT’s network of credit unions onto the AutoFi platform means consumers will have even more competitive financing options to choose from when purchasing a car online.”
AutoFi was designed to allow customers to research new and now used vehicles, receive credit decisions, and get real-time financing offers from banks, specialty finance sources and now credit unions, thanks to the firm's partnership with iLendingDIRECT. For the latter, the platform will aggregate offers from 10 credit unions in their network and present customers wiht the best option, officials said.
“This is the perfect ecommerce solution to get customers the auto financing they need and want in a quick and efficient manner, and enhance their car-buying experience,” said Nancy Fitzgerald, president and CEO of iLendingDIRECT.