Tuesday, January 23, 2018

AutoGravity: $2 Billion In Financing Requested In 2017

Irvine-based AutoGravity, which offers up online and mobile car buying finance tools, said it saw more than $2 billion in financing requested through its platform in 2017. According to AutoGravity, it now has more than 1.3 billion users using its service, up from only 100,000 in the first six months of the year. AutoGravity did not say how much of that $2 billion in requested financing closed. AutoGravity said most of its users are "convenience-seeking millennials". AutoGravity's CEO is Andy Hinrichs.