AutoGravity says it has now surpassed 500,000 in just one year. AutoGravity is an App-based online lender targeting the auto financing space. Pick the car and request a loan all on your smartphone. It’s that simple.
AutoGravity has benefited from a growing number of high profile partnerships. Earlier this month, AutoGravity announced that VW Credit, Inc. had committed to make an equity investment in their company.
Additionallly, AutoGravity shares that more than $500 million in financing has been requested through the AutoGravity platform. Of course this is not the total amount of actual loans made but it is indicative of consumer demand and their interest in a streamlined, low hassle financing process.
AutoGravity says their App has become a popular option in both the Apple App Store and Google Play. Month over month growth of credit applications during the first half of 2017 is averaging 25% per month. Not bad.