Autonomy raises $8M Series A
Argentine fintech Autonomy raised an $8M Series A led by Magna Capital, Comafi, Natan VC and Murchison Ventures. Founded in 2022 by… The post Autonomy raises $8M Series A appeared first on LatamList .
Autonomy, an Argentine fintech company, has secured $8 million in Series A funding led by Magna Capital, Comafi, Natan VC, and Murchison Ventures. Launched in 2022 by José Trusso and Leandro Cuccioli, Autonomy provides a rent-to-own model for mobility app drivers who face difficulties obtaining traditional auto loans. The company bundles vehicle, insurance, maintenance, and permits into a single monthly payment and assesses applicants based on their activity on mobility platforms.
With the newly acquired funds, Autonomy intends to expand its fleet, enhance its technology, and venture into new markets across Argentina and the Southern Cone. The company began operations in 2023 with a fleet of 10 vehicles and has since grown to over 1,500 cars. Autonomy receives approximately 3,000 applications per month but can only accommodate half of the demand. The company aims to increase its fleet to 10,000 vehicles by December 2027.
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