SelectFI, an automotive artificial intelligence company delivering predictive lending insights for dealerships, today announced a new round of funding to support its rapid growth. The company's platform enables F&I managers and sales teams to quickly quote the most accurate payment to consumers at the lowest cost to the dealership. SelectFI's previous funding round was secured while the company was still in stealth mode and pre-revenue.
Andrew Sweet
Chief Executive Officer at SelectFI
As part of this new investment, seasoned autotech leader Andrew Sweet will join SelectFI as Chief Executive Officer. Sweet most recently led SaaS Solutions at ACV Auctions and has built his career helping dealerships adopt next-generation retail technologies.
“SelectFI's focus will be on helping every dealership make smarter, faster decisions—powered by AI that extends the impact of each dealer far beyond their showroom.” said Sweet.
Tommy Vullo, Founder of SelectFI, added: “From day one, SelectFI has been about bringing clarity and confidence to one of the most complex parts of the dealership — the finance desk. Andrew's leadership and experience scaling dealer technology will help us turn that vision into reality even faster. Together, we're building tools that make profitability predictable and payments precise.”
The investment round was led by StartFast Ventures, a vertical AI-focused venture firm whose automotive portfolio includes Impel. As part of the round, Michael Quigley, co-founder and Chief Strategy Officer of Impel will join SelectFI's board.
“SelectFI's smart desking solution addresses an urgent need in today's automotive ecosystem: more accurate, efficient, and profitable quoting,” said Quigley. “Despite being the highest contribution-margin area of the dealership, desking has seen little technology-driven innovation over the last decade. SelectFI is finally changing this.”
Additional investors in the round include University of Buffalo's Business and Entrepreneur Partnership, Automotive Ventures, Ron Frey, Jack Greco, Michael Wethington, LaunchNY, and several other accredited investors.
Investor Steve Greenfield, founder of Automotive Ventures, noted that SelectFI's momentum reflects the accelerating wave of dealer-focused AI innovation. “Dealers are looking for practical, measurable applications of AI—tools that directly improve margins, inventory, and overall decisions,” Greenfield said. “SelectFI's approach is deeply operational. It's not AI for hype; it's AI for ROI.”
To read more: Yahoo Finance