U.S. Fintech RateGenius Surpasses $8.5 Billion in Refinanced Auto Loans
December 18, 2020 @ 10:51 pm By Samantha Hurst
RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Friday it has funded approximately $8.5 billion in auto loans. RateGenius reported that nearly $1 billion of those loans were dispersed in 2020, even though 85% of the company’s team worked remotely for much of the year.
“Consumers were the real beneficiary of the unique partnership between RateGenius and its lenders. In a recent survey, a majority of RateGenius customers, or 69 percent, sought out the company to lower their interest rate. Another 19 percent wanted a lower monthly payment. The financial savings can be substantial. Earlier this month, RateGenius shared the availability of a report that looked at how different generations (Gen Z, Millennials, Gen X, and Baby Boomers) could reap financial benefits of refinancing their auto loans.”
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AUSTIN, Texas, Dec. 17, 2020 /PRNewswire/ RateGenius (
https://www.rategenius.com/), a fintech company with a proprietary consumer-lending platform, announced today that it has funded approximately $8.5 billion in auto loans since 1999.
Even more significant for the company was that nearly $1 billion of those loans were dispersed in 2020, even though 85 percent of RateGenius team worked remotely for much of the year. The company, which also facilitates vehicle titling for its customers, faced additional challenges as a result of the COVID-19 pandemic. As government offices across the country shut their doors, RateGenius worked with state and county organizations to test new methods of retitling that met requirements in every state and kept employees and customers safe.