Andy Hinrichs, a former CFO for Daimler Financial Services in Africa and Asia-Pacific, launched financial technology company AutoGravity in 2015. AutoGravity began a pilot of its mobile app and Web platform in California in September 2016.
The app is now available in every state but Nevada and has logged more than 750,000 downloads. AutoGravity enables customers to shop for a vehicle, select a nearby dealership, choose from up to four finance or lease offers and get preapproved. The dealership receives a fee on the financing and customers finalize the transaction at the dealership, where they can buy finance and insurance products and take vehicle delivery. AutoGravity has launched real-time inventory for new and used vehicles from dealership groups nationwide so consumers can browse vehicle inventory.
Hinrichs, 46, attracted significant equity investments from Daimler and Volkswagen's credit arm this year.
2017 AUTOMOTIVE NEWS ALL-STAR AWARDS
2017 ALL STAR | FINANCE & INSURANCE