{"data":{"type":"company_profile_ai","id":70206,"entity_id":"wefunder:company:70206","attributes":{"canonical_url":"https://wefunder.com/automatic","retrieval_urls":{"canonical":"https://wefunder.com/automatic","json":"https://wefunder.com/automatic.json","markdown":"https://wefunder.com/automatic.md","ai_json":"https://wefunder.com/automatic.ai.json","ai_text":"https://wefunder.com/automatic.ai.txt","changelog_json":"https://wefunder.com/automatic.changelog.json","schema":"https://wefunder.com/.well-known/ai-profile-schema.json"},"updated_at":"2026-06-13T05:00:28Z","generated_at":"2026-06-14T02:56:43Z","profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"company":{"id":70206,"entity_id":"wefunder:company:70206","slug":"automatic","name":"Automatic","tagline":"The Fintech platform that connects independent auto dealers and lenders ","elevator_pitch":"We connect borrowers and lenders in the $1.3 trillion used car space. Our FinTech platform brings together many different tools and features in one easy-to-use app, drastically improving the customer experience for both the used car buyer and the finance and Insurance manager.","location":"Tolland, CT","website":"https://automaticUSA.com","total_amount_raised":1377416,"total_investors":959,"is_funded":false,"is_active":false},"key_claims":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 1377416","citation":"https://wefunder.com/automatic#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-13T05:00:28Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-14T05:00:28Z"},{"claim_id":"claim-total-investors","text":"Total investors: 959","citation":"https://wefunder.com/automatic#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-13T05:00:28Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-14T05:00:28Z"}],"verified_facts":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 1377416","citation":"https://wefunder.com/automatic#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-13T05:00:28Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-14T05:00:28Z"},{"claim_id":"claim-total-investors","text":"Total investors: 959","citation":"https://wefunder.com/automatic#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-13T05:00:28Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-14T05:00:28Z"}],"company_claims":{"tagline":"The Fintech platform that connects independent auto dealers and lenders ","elevator_pitch":"We connect borrowers and lenders in the $1.3 trillion used car space. Our FinTech platform brings together many different tools and features in one easy-to-use app, drastically improving the customer experience for both the used car buyer and the finance and Insurance manager.","story":"Automatic is a disruptive finTech platform connecting independent used auto dealers with lenders and finance \u0026amp; insurance vendors. Essentially, we’re modernizing the archaic and fragmented independent dealer financing market.In building our software, we looked at existing solutions and closed the gaps. The result? Our platform saves independent dealers time and manual labor, while helping them close deals quickly through time-efficient approvals.The used car market has exploded during COVID, leading to an increased need for digital innovation in an industry that has famously failed to modernize. Already, we’ve partnered with 850+ dealerships, and we’re growing at 10-20% every week.\u0026nbsp;By investing now, you’ll get in on the ground floor as we capitalize on a window of opportunity never before seen in this market. Dealers need our solution more than ever, and we’re confident we can embed our platform into their workflow during this key time to secure lasting, lucrative partnerships.In hard times, used car sales significantly outperform new vehicle sales. Right now, this trend is rising side-by-side with increased demand for remote solutions. Our platform serves both of these needs simultaneously, positioning us at the center of two fast-growing markets. In year one alone, we’ve achieved positive net income (extremely rare!)—and we expect to continue this trend with robust growth across the years to come.Think of us as the “better mortgage of the auto industry.” We're not offering a new solution, we’re improving upon an existing solution with superior UX and integrated vendors, while focusing on the underserved independent dealer market. Between our one-of-a-kind platform and a liquidity crunch in the market (caused by other lenders pulling out of the space) , we’re growing fast...and we expect to continue to do so. With this in mind, we’re actively improving our product, making key hires, and refining our loan program to position ourselves as the #1 lending solution provider for independent dealers. Invest now for a chance to capitalize on this key window of opportunity alongside our experienced team.","quick_facts":["FinTech platform with 965+ dealership partnerships, growing at 40% MoM despite COVID19.","Developed with licensed lender (Signal Auto Group): 13 yrs of experience, 1.7k dealers in 13 states.","Answering a clear need in a $1.3 trillion industry that stopped evolving in 2004.","Automatic translates to an 87.5% approval time reduction \u0026amp; 75% data entry time reduction.","Team has over 80 years of combined experience in FinTech, lending, and the auto industry.","Auto loans make up nearly 10% of all household debt, behind only mortgages and student loans."]},"computed_metrics":{"total_amount_raised":1377416,"total_investors":959,"team_size":8,"featured_investor_count":1,"faq_count":5,"recent_post_count":1},"quick_facts":[{"claim_id":"claim-fact-1","value":"FinTech platform with 965+ dealership partnerships, growing at 40% MoM despite COVID19.","citation":"https://wefunder.com/automatic#claim-fact-1","observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-20T05:00:28Z"},{"claim_id":"claim-fact-2","value":"Developed with licensed lender (Signal Auto Group): 13 yrs of experience, 1.7k dealers in 13 states.","citation":"https://wefunder.com/automatic#claim-fact-2","observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-20T05:00:28Z"},{"claim_id":"claim-fact-3","value":"Answering a clear need in a $1.3 trillion industry that stopped evolving in 2004.","citation":"https://wefunder.com/automatic#claim-fact-3","observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-20T05:00:28Z"},{"claim_id":"claim-fact-4","value":"Automatic translates to an 87.5% approval time reduction \u0026amp; 75% data entry time reduction.","citation":"https://wefunder.com/automatic#claim-fact-4","observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-20T05:00:28Z"},{"claim_id":"claim-fact-5","value":"Team has over 80 years of combined experience in FinTech, lending, and the auto industry.","citation":"https://wefunder.com/automatic#claim-fact-5","observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-20T05:00:28Z"},{"claim_id":"claim-fact-6","value":"Auto loans make up nearly 10% of all household debt, behind only mortgages and student loans.","citation":"https://wefunder.com/automatic#claim-fact-6","observed_at":"2026-06-13T05:00:28Z","expires_at":"2026-06-20T05:00:28Z"}],"latest_fundraise":{"id":40057,"entity_id":"wefunder:fundraise:40057","state":"successful","offering_type":"506(c)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-12-17T05:38:19Z","funding_closed_at":"2020-12-17T05:38:19Z"},"investor_memos":[],"team":[{"id":1165373,"entity_id":"wefunder:company_role:1165373","name":"Eric BURNEY","title":"CEO \u0026 Co-Founder","role":"founder","profile_url":"https://wefunder.com/ericburney2"},{"id":1226045,"entity_id":"wefunder:company_role:1226045","name":"Max Kane","title":"Chief Financial Officer \u0026 Co-Founder","role":"founder","profile_url":"https://wefunder.com/max.kane"},{"id":1229131,"entity_id":"wefunder:company_role:1229131","name":"John Liu","title":"Co-Founder","role":"founder"},{"id":1226044,"entity_id":"wefunder:company_role:1226044","name":"Alexander Egan","title":"Product and Marketing Advisor","role":"employee","profile_url":"https://wefunder.com/alexaegan"},{"id":1226043,"entity_id":"wefunder:company_role:1226043","name":"Josh Castonguay","title":"Vice President of Business Development","role":"employee"},{"id":1226046,"entity_id":"wefunder:company_role:1226046","name":"Robert Jon Fiondella","title":"Director of Investor Relations","role":"employee","profile_url":"https://wefunder.com/robertjonfiondella"},{"id":1403345,"entity_id":"wefunder:company_role:1403345","name":"Pat Sullivan","title":"Director of Underwriting","role":"founder"},{"id":1403297,"entity_id":"wefunder:company_role:1403297","name":"Pat Hansen","title":"National Sales Director","role":"founder"}],"featured_investors":[{"id":5124,"entity_id":"wefunder:company_investor_profile:5124","name":"David Weisburd","bio":"Co-Head of Venture Capital @ 10X Capital","profile_url":"https://wefunder.com/davidweisburd"}],"relationships":[{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:user:1184635","target_url":"https://wefunder.com/ericburney2"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:user:1184829","target_url":"https://wefunder.com/max.kane"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1229131"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:user:1184382","target_url":"https://wefunder.com/alexaegan"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1226043"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:user:1184326","target_url":"https://wefunder.com/robertjonfiondella"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1403345"},{"source_entity_id":"wefunder:company:70206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1403297"},{"source_entity_id":"wefunder:company:70206","relation":"has_featured_investor","target_entity_id":"wefunder:user:18614","target_url":"https://wefunder.com/davidweisburd"},{"source_entity_id":"wefunder:company:70206","relation":"has_recent_update","target_entity_id":"wefunder:feed_item:166785","target_url":"https://wefunder.com/feed/166785"},{"source_entity_id":"wefunder:company:70206","relation":"has_latest_fundraise","target_entity_id":"wefunder:fundraise:40057"}],"faq":[{"question":"Were salaries imputed in arriving at net income? If not why not? If not what wotuld the number be utilizing US GAAP?","answer":"Hey Robert, Great question! Yes, salaries were accounted for."},{"question":"Hi. What was your revenue for 2020? Can you expand your projections to 2025? Also, is your product a good fit for major new and used car dealers or is your focus strictly on independent dealers?","answer":"Hi Leonardo, I hope all is well. We have been quite busy building the business and sourcing private funding to fill the remainder of the tranche. Thanks for your patience. Regarding revenue projection: To share a five year projection in a rapidly changing industry would be a disservice to you. We have three year projected financials in our pitch deck, that you can reference and project to 5 years as a guide. Regarding your question on product fit: Yes, our platform is fully scalable to the ma..."},{"question":"Hi, I like what your company is doing and clearly there is a need. Are you only targeting the used car industry and is so why not include the new car industry at some point. At some point would you try to go global? Thanks","answer":"Hey Tim, Great questions! Regarding why Independent Used Car Dealers: We believe the independent dealer used car industry provides the highest ROI/lowest hanging fruit. The Independent Used Car dealer is incredibly underserved with a $288 Billion a year space. Also, macro conditions driving used car purchases, as described in our pitch deck, are stronger than new cars. We do have plans to expand into Franchise dealers for their used cars later this year, which may eventually lead to business ..."},{"question":"What am I getting for early bird investing? Equity? Loan? What's the value of the stock I'm purchasing? My apologies if I missed it.","answer":"Mario, All of these answers can be found in our SAFE document, click the green invest button and it will be located under contracts. Take a look at it and if you still have questions, I am happy to assist."},{"question":"I am an accredited investor; can my funds be transferred to Reg D? I didn't see an option to select while investing.","answer":"Hey Maulin, I hope all is well! Thank you for your investment into Automatic! All investments from the WeFunder community are going through the Reg CF. The Reg D is strictly being used for F\u0026amp;F at this time."}],"recent_posts":[{"id":166785,"entity_id":"wefunder:feed_item:166785","title":"Automatic partners with Dentity for identification verification","preview":"Automatic, has recently announced a strategic partnership with Dentity, a renowned provider of consumer identity verification services. This collaboration aims to tackle the growing issue of consumer fraud in the automotive industry by ensuring that dealerships and lenders have full confidence in the identities of individuals signing closing contracts. Consumer fraud has become a significant concern in today's digital age, with criminals finding increasingly sophisticated ways to deceive busi...","published_at":"2023-12-18T14:55:51Z","canonical_url":"https://wefunder.com/feed/166785"}],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-14T02:56:43Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-13T05:00:28Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-13T05:00:28Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-14T02:56:43Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-14T02:56:43Z","confidence":"medium"}}}}}}