Bennett: MotoRefi revenue splits evenly across origination, referrals, and product sales
Kevin Bennett · They Refinanced $250m in Auto Loans Last Year, Make Money 3 Ways · Mar 14, 2021 · at 14:59
Kevin Bennett, CEO of auto refinancing startup MotoRefi, discusses the percentage breakdown of the company's three revenue streams with host Nathan Latka.
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“It's about even within each.”
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“I'd say slight tailwind. I mean, what you've seen is that consumers are looking you know, whether or not that they are personally impacted, they know people are impacted, they're thinking about their finances rates are relatively low. And so you've seen a lot …”
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“So we actually see auto as an asset class being more compelling relative to other asset classes based on the return and risk profile. So we see more emphasis in growth in, in auto lending actually these are the other other types of lending. So while there coul…”
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“So we did over two hundred and fifty million dollars in refinancings last year, and we will do orders of magnitude above that this year.”
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“And there was this great opportunity for a, you know, auto as an asset class over 1.2 trillion dollars, the same size student loans. But hadn't seen the same innovation.”