DriverUp

Lending | Online Loans

Follow Send a private message

32 VISITORS | 51 VIEWS

FOUNDING YEAR: 2012

LOCATION:

United States

REGION:

Last Update:
27 Jun, 2019

Description

DriverUp is the online auto lending marketplace for accredited investors. It is an online marketplace built exclusively for automotive financing. It is powered by Sierra Auto Finance, an auto finance company.

FOCUS

PRODUCTS & SERVICES:

Automotive financing. Provide a hassle free car buying experience for consumers by providing them the option of simple searching, fast financing terms, and the ability to secure a purchase through the platform which minimizes their time spent at the dealership showroom.

REVENUE MODEL:

Viewable by subscribers only

MAIN CLIENTS:

Retail Automobile Finance Investors

COMMENT

Improves the automotive financing process by offering simple searching, financing term and directly participate in auto lending.

PEOPLE

FOUNDERS:

Sam Ellis

NUMBER OF EMPLOYEES:

1-10

INVESTORS:

Emerald Development Managers,RRE Ventures, SF Capital Group

TRACTION

VALUATION / MARKET CAP:

$133.3 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$70 Millions

FUNDING SERIES:

SERIES A

$50 Millions Closed: Feb 2015

SERIES B

$20 Millions Closed: Sep 2015

LISTED:

LATEST RESEARCH

DOWNLOAD