RateGenius Loan Services, Inc.
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RateGenius Loan Services, Inc. - overview
Established
1999
Location
Austin, TX, US
Primary Industry
Internet
About
RateGenius Loan Services, Inc. is a nationwide vehicle refinance platform that specializes in helping consumers secure lower auto loan rates through a streamlined online application process. Founded in 1999 and headquartered in Austin, US, RateGenius Loan Services, Inc. provides auto loan refinancing solutions.
The company has executed 2 deals, with its most recent deal occurring on May 4, 2021, involving a merger with AutoPay Direct, Inc. RateGenius is led by CEO Christopher Speltz. RateGenius operates as a nationwide vehicle refinance platform, primarily focused on providing auto loan refinancing solutions to consumers. Customers can start the refinancing process via an online application or over the phone, allowing for accessibility and convenience.
The company partners with over 150 lenders across the United States to help individuals lower their current car loan rates or monthly payments. RateGenius is designed to cater to a diverse customer base, addressing specific financial needs such as reducing monthly payments or improving loan terms. In 2017, RateGenius reported revenue of USD 56. 9 mn generated through transaction-based fees associated with the refinancing of auto loans.
The business model is structured around successful borrower-lender matches, capturing a portion of the financial benefits realized by clients through reduced interest rates and payments. Following the merger with AutoPay Direct, Inc. in May 2021, RateGenius aims to create a comprehensive consumer marketplace for automotive finance and refinance. This strategy is expected to expand options for consumers while enhancing loan savings.
Recent funding will be utilized to support these initiatives, focusing on expanding into new markets and regions to optimize auto financing solutions for a broader customer base.
Current Investors
The Savings Group
Primary Industry
Internet
Sub Industries
e-Financial, Consumer Finance, Search Engines
Website
www.rategenius.com
Verticals
FinTech
Company Stage
Merged
Total Amount Raised
Subscriber access only
RateGenius Loan Services, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | AutoPay Direct, Inc., RateGenius Loan Services, Inc. | - | ||||||||
| Recapitalisation | Completed | RateGenius Loan Services, Inc. | - |
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