Caribou

Caribou

Financial Services

Washington, DC 6,440 followers

Putting drivers in control of their car payments by unlocking competitive rates and making the process fast and easy.

About us

At Caribou, we believe that taking control of your car payment should be a simple, transparent process. Too many people are driving around with a bad deal on their auto loan. What’s more, many people don’t realize it, or don’t know what to do about it. Through our partnerships with local and community lenders, we connect customers with competitive rates and lower monthly payments.

Website
http://www.caribou.com
Industry
Financial Services
Company size
51-200 employees
Headquarters
Washington, DC
Type
Privately Held
Founded
2016
Specialties
Refinance and Auto

Locations

Employees at Caribou

Updates

  • View organization page for Caribou, graphic

    6,440 followers

    We are thrilled to welcome Robbie Boddy as our new SVP of Sales and Operations at Caribou! With over 20 years of sales and operations leadership experience at leading companies, Robbie brings a wealth of knowledge and expertise to our team. His impressive track record at Liberty Mutual, Gabi, Experian, and Covered Insurance has equipped him with the skills to build technology-enabled, world-class sales and operations organizations. Robbie embodies our core values of Give a Damn, Velocity, and Make the Assist. Throughout his career, he has been dedicated to driving excellence and innovation. His passion for our mission of helping customers achieve financial freedom makes him a perfect fit for Caribou. Please join us in congratulating Robbie on his new role and welcoming him to the team! We are excited to see the incredible impact he will make at Caribou. Welcome aboard, Robbie! #Welcome #Leadership #Sales #Caribou

    • No alternative text description for this image
  • View organization page for Caribou, graphic

    6,440 followers

    The Federal Reserve has released its annual Report on the Economic Well-Being of US Households, finding that less than 65% of American adults could cover a $400 emergency expense, and just 54% have three months of emergency savings on hand. At Caribou, we proudly save car owners an average of $115/month with our mission to give consumers more financial freedom. https://lnkd.in/dpp7CXbs

    The Fed - Report on the Economic Well-Being of U.S. Households in 2022 - May 2023

    federalreserve.gov

  • View organization page for Caribou, graphic

    6,440 followers

    We are thrilled to welcome Timothy Gurba as Caribou's new Chief Financial Officer! Tim embodies Caribou’s “Make the Assist” value with over 20 years of experience in finance, operations, and strategy, helping grow and transform businesses. As the former CFO of Rhino, a pioneer in security deposit insurance, and leader of all Finance functions at Ibotta, Tim has successfully executed paths to profitability and public company readiness. Tim began his career at Accenture, where he held various strategy, corporate finance, and development roles globally. He holds an MBA from Northwestern’s Kellogg School of Management and degrees in Finance and Chinese from the University of Colorado at Boulder. Tim will be based in our Denver office, working closely with our exceptional team there. Welcome aboard, Tim! #Welcome #Leadership #Finance #Caribou

    • No alternative text description for this image
  • View organization page for Caribou, graphic

    6,440 followers

    To all those celebrating in the coming days, we hope you have a safe and healthy holiday ahead. To give our #CaribouCrew the opportunity to spend time with their loved ones, our offices will be closed on 12/25 and 12/26. We can’t wait to see what’s in store for us in 2024 ✨

    • No alternative text description for this image
  • View organization page for Caribou, graphic

    6,440 followers

    Feeling squeezed by rising interest rates and high car payments? You’re not alone!😱 Just take a look at the average car loan interest rates by credit score (per @Experian). Looking for a way to lower your car payment? It may be time to consider refinancing your car loan! Drivers who refinance through Caribou save an average of $115/month on their car payments.* See how much YOU could save today: caribou.com/refinance. *This information is estimated based on consumers whose auto refinance loan funded through Caribou between 11/1/2022 and 9/1/2023, and had an existing auto loan on their credit report. These borrowers saved an average of $115.58 per month. Refinance savings may result from a lower interest rate, longer term, or both. There is no guarantee of savings. Your actual savings, if any, may vary based on interest rates, the repayment term, the amount financed, and other factors.

    • No alternative text description for this image
  • View organization page for Caribou, graphic

    6,440 followers

    It’s an exciting week here at Caribou! Please join us in welcoming our new CEO, Simon Goodall. Simon has spent his career working in technology-driven consumer marketplaces. Most recently, Simon served as the Chief Commercial Officer at Groupon, where he ran the global business, overseeing teams in sales, marketing, business development, and more while leading the company through a major transformation. Simon spent nearly 12 years at Groupon across numerous businesses helping connect merchants with local consumers for goods, services, travel, and experiences. Prior to Groupon, he spent over ten years growing and running businesses at World Travel Holdings. Simon’s experience building large-scale, technology-focused consumer marketplaces with global reach, while developing great teams and nurturing strong cultures, has us feeling excited about him leading Caribou through the next stage. From all of us in the #CaribouCrew - we’re thrilled you’re here, Simon!

    View profile for Simon Goodall, graphic

    CEO at Caribou

    I just sent the below to the employees at Caribou. Proud and honored to be working with this team to help consumers refinance their auto loans. Excited to get to work! ------ Everyone, I’m honored to join Caribou as CEO. Thank you, Jade, for your kind words and many thanks to Eric for all the help you’ve provided already as I begin to come on board. But most importantly: thanks to all of you. Right out of High School, I worked at a local car dealership selling new and used cars. I can tell you many stories, but it’s there I got to learn so much about American consumers and how and why they buy cars and take on significant payments to do so. Helping consumers reduce those payments is integral to why I’m so excited about Caribou. What I also learned from selling cars is that people don’t just want cars, they need them, possibly more than they need anything else. Whether it's to get to work, or to pick up their kids, or go to the grocery store, car transportation is one of the most crucial components of modern American life. They are non-negotiable. And because of this, people will scrape and stretch their monthly budget to buy a car. Combined with all the other expenses of life, automotive debt contributes to the median American household having only roughly 250 bucks a month left after necessary expenses and regular spending. Well, what if you have an unexpected car repair? Or medical expenses? There’s no margin, no buffer, and this contributes to over half of Americans saying that money has a negative impact on their health. What Caribou does, what you do, by helping people refinance their car loans, is to improve monthly cash flow. Improve people’s buffers. Give them some breathing room. And, believe it or not, that helps improve people’s health and quality of life. The average savings of $120 bucks a month results in almost a 50% increase in the average consumers’ financial buffer. That’s huge. You all already know automotive refinancing is a hugely untapped market. Out of the $1.56T in outstanding auto loans in the US, less than 2% of those get refinanced. Winning more of this 2% and getting more people to refinance is a huge opportunity for us. And by getting our customers the lowest payments we can, in the easiest way, we can save them money every month and help them lead better lives. I truly can’t wait to get started working with all of you. We’re fundamentally changing the way people approach a huge component of their financial lives. That change is going to be challenging at times, and it’s going to take a lot of work, but it should also be genuinely fun, too. We’re privileged to not just be a team of people putting their talents to building an amazing business, but also helping consumers improve their lives while doing so. I’ll be in Denver tomorrow for an All Hands where we’ll talk more and start to get to know one another. Look out for more details shortly. This is going to be a fun ride! Best, Simon 

    This content isn’t available here

    Access this content and more in the LinkedIn app

  • View organization page for Caribou, graphic

    6,440 followers

    Trying to improve your budgeting skills this summer? Here are three tips you need to try!👀 Refinancing your car loan through Caribou could help you lower your car payments and reduce your monthly spending.*🙌 Discover just how much YOU could save today by heading to caribou.com/refinance. *There is no guarantee of savings. Your actual savings, if any, may vary.

    • No alternative text description for this image
  • View organization page for Caribou, graphic

    6,440 followers

    Never underestimate the power of a little help! Caribou customers enjoy a fast, easy, & simple refinancing process that allows them to take control of their car payments. Don't take our word for it? Check out the words drivers use to describe us in their reviews. In fact, 9/10 customers are satisfied with their new loan and would refinance through Caribou again.*🎉 Ready to refinance? Head to our website to get started! #carpayments #testimonial #customerreview *This information is based on 511 Trustpilot reviews rating Caribou 4 or 5 stars out of 5 stars.

    • No alternative text description for this image
  • View organization page for Caribou, graphic

    6,440 followers

    Ever wonder what you could be missing out on? When you compare rates through Caribou, you could potentially find better rate than what you currently have. Could you be saving money each month? Head to caribou.com/refinance to learn more about refinancing your car through Caribou. *There is no guarantee of savings. Your actual savings, if any, may vary.

    • No alternative text description for this image

Similar pages

Browse jobs

Funding

Caribou 5 total rounds

Last Round

Series C

US$ 115.0M

See more info on crunchbase