We're thrilled to announce SelectFI as the newest member of the StartFast portfolio!
The "LendingTree" for automotive dealers, SelectFI is a financing pre-qualification and compliance tool that swiftly matches car buyers to optimal lending sources without requiring a hard credit pull – Increasing time-to-quote efficiency and maximizing dealership profits, all while providing customers the lowest possible monthly payment.
Leveraging a decade of experience at a Top 15 U.S. dealership handling $1.5 billion in annual financing, Founder and CEO Tom Vullo has the sort of expansive domain expertise we rarely see and love to invest behind.
SelectFI is onboarding new customers weekly and projects to secure hundreds more by year's end. Amidst an automotive macro environment with insufficient financing availability and staffing challenges, SelectFI's solution is poised for rapid growth.
StartFast will leverage its experience investing in the pre-seed round automotive GenAI company Impel in the course of guiding SelectFI. Impel has gone on to raise more than $100M in follow-on capital serving auto dealerships in 50+ countries.
StartFast participated in SelectFI's pre-seed raise totaling $3.5M.