About Automatic
Automatic is a company based in Vernon (United States) founded in 2020 by Eric Burney. It operates as a Two-Sided Marketplace and FinTech. Automatic has raised $1.38 million across 1 funding round. The company has 2 employees. Automatic offers products and services including Automatic Platform. Automatic operates in a competitive market with competitors including Octane, Lendbuzz, WithClutch, AutoPay and Carputty, among others.
- Headquarter Vernon, United States
- Employees 2
- Founders Eric Burney
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website automaticusa.com
- Social LinkedIn X Facebook Instagram
- Legal Name Loan Automatic Llc
- Annual Revenue$167.05 K (USD)-18as on Dec 31, 2023
- Net Profit-$37.13 K (USD)27as on Dec 31, 2023
- Total Equity Funding$1.38M (USD)
in 1 rounds
- Latest Funding Round$1.38M (USD), Seed
Dec 2020
- Employee Count2
Products & Services of Automatic
Automatic offers a comprehensive portfolio of products and services, including Automatic Platform.
A platform for automotive financing and backend products.
Funding Insights of Automatic
Automatic has successfully raised a total of $1.38M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.38 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.38M
- Total Rounds 1
- Last Round Seed — $1.38M
- First Round $1.38M
(Dec 2020)
All 1 funding rounds of Automatic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $1.38M | Seed | – | – | – |
People of Automatic
1 people are tracked at Automatic (1 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Eric Burney | Co-Founder & CEO | Leadership |
Complete people profiles for Automatic
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Automatic
2 dated milestones of Automatic, from founding to its latest funding, stage changes and deals.
- Founded Automatic is founded.
- Funding First funding round of $1.4M.
Competitors of Automatic
Automatic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octane, Lendbuzz, WithClutch, AutoPay and Carputty, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| octane.co | 2014 | New York, United States | $220.02M | 178 | Instant financing solutions are offered for vehicle purchases by Octane. | |
| lendbuzz.com | 2015 | Boston, United States | $309.65M | – | Online car loans are provided via a digital application platform. | |
| withclutch.com | 2014 | Half Moon Bay, United States | $65M | – | Car loans are refinanced via an online lending marketplace. | |
| autopay.com | 1997 | Denver, United States | $7.32M | 331 | Online lending marketplace for auto loans | |
| carputty.com | 2020 | Atlanta, United States | $25M | – | Automobile loans are provided via an online platform for consumers. | |
| carcapital.com | 2020 | Grapevine, United States | $12.56M | 45 | Online platform to streamline purchase and finance of car | |
| creditacceptance.com | 1972 | Detroit, United States | – | – | Auto finance is extended to consumers via nationwide dealer networks. | |
| dignifi.com | 2012 | Boulder, United States | $14M | – | Car repair loans are provided via an online lending marketplace. | |
| rategenius.com | 1999 | Austin, United States | $2.13M | 243 | Auto loan refinances are brokered through a lender network. | |
| carbeeza.com | 2020 | Edmonton, Canada | – | 49 | App-based savings platform for consumer goods |
Detailed competitors of Automatic
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Automatic
The website of Automatic (automaticusa.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▼ 26.1% vs previous month
Latest news on Automatic
Complete news archive for Automatic
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Automatic
10 companies that operate in the same segment as Automatic (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Automatic
Automatic was founded in 2020.
Automatic is headquartered in Vernon, United States.
Eric Burney is the current CEO of Automatic. They have also founded this company.
Automatic is a funded company, having raised a total of $1.38M across 1 funding round to date. The company's 1st funding round was a Seed of $1.38M, raised on Dec 2020.
Automatic has 2 employees.
Annual revenue of Automatic is $167.05K as on Dec 31, 2023.
Seamless transactions between dealerships, lenders, and vendors are facilitated by Automatic. An open marketplace for automotive financing is created, offering competitive rates and diverse lending options. Operations for independent dealerships are streamlined through advanced fintech solutions. A growing network and exclusive deal flow for lenders are supported. Efficiency and transparency in the automotive financing ecosystem are enhanced by innovative technology and integrations with stakeholders.
Automatic offers Automatic Platform.
Automatic operates through Loan Automatic Llc.