Caribou in Washington Business Journal
Exclusive: This D.C. fintech has more than a new name. Now it’s beefing up its leadership for the next stage.
Caribou Financial Inc., the local auto refinancing and car insurance startup formerly known as MotoRefi, is buckling up for another 12 months of exponential growth.
The fintech company is building up a new management team and tapping seasoned board members while hiring aggressively as the auto refinancing market sees explosive opportunity after an initial spark from the pandemic.
“We’re going to continue to grow dramatically,” CEO Kevin Bennett said in an interview. As car loans become longer and more expensive “there are ways to help consumers make that more manageable,” he said. “There’s just a huge opportunity to expand the business and bring this product to more people.”