car-loan-refinancing
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The Spare-Bedroom Fintech That Put 50 Lenders in the Passenger Seat
CarClarity began with one car enthusiast's frustration at a foggy finance process. Six years later, its telling advantage is not removing people from the loan - it is giving them better software and more lenders to work with.
Caribou Financial, Inc.
Caribou is a Denver-based auto fintech that helps drivers cut the cost of owning their car. Through a digital platform, it connects car owners with a network of credit unions and community banks to refinance their auto loans, typically saving customers over $100 a month, and pairs that with an auto insurance marketplace and vehicle protection products. Founded in 2016 as MotoRefi and rebranded to Caribou in 2021, the company reached unicorn status with a $1.1 billion valuation after a $115 million Series C round led by Goldman Sachs in 2022.