iLending operates a nationwide auto refinancing platform (available in all 50 states and Washington, D.C.) that manages the entire loan refinance process, from rate shopping to payoff and re-titling. The company reports consumers save an average of $144 per month through its direct relationships with credit unions and other lenders. iLending has been building out its management and sales teams, ramping up hiring, expanding its Austin, Texas office, developing near‑shore partnerships, and planning to open an additional office in the fall. Leadership frames the new capital as validation of the company’s business model, balance sheet, and team. Founded in 2006 and headquartered in Englewood, Colorado, iLending positions itself to capture a large market opportunity it says exists because many auto loans are overpriced. The company emphasizes its lender network as a competitive advantage for securing terms consumers cannot easily find on their own.

Total raised

$35M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2021