Arlington, Virginia-based fintech company MotoRefi has closed on a $8.6 million Series A funding round.

Founded in 2016, the 50-person company is the creator of an auto refinance platform. This latest funding round was co-led by Accomplice and Link Ventures with participation from Motley Fool Ventures, CMFG Ventures, Gaingels and others. MotoRefi plans to use the fresh funding to expand its team, advance its digital platform and add new lenders and partners across the U.S., the company shared in a press release.

“I couldn’t be more proud of the team and the mission-driven business we’re building,” said MotoRefi CEO Kevin Bennett in a statement. “Every day, we have the privilege of making a difference in consumers’ lives by improving their financial situations. We are grateful for the opportunity to partner with trusted lenders to make that happen.”

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