Means.com Hits $120M in Annualized Income because the First Auto Tremendous App Welcomes Prime Expertise in Subsequent Chapter of Development


Means.com, the monetary platform for the way forward for transportation, achieved a coveted standing in July, hitting $120m in annualized income. That is after receiving simply $7 million in non-public seed funding again in 2019, making the primary auto tremendous app probably the most capital-efficient firm in Silicon Valley.

The corporate has attracted high expertise from Uber, Chipotle, eHarmony, and Massive Fish Video games because the Fremont-based FinTech startup sees file progress in its seventh yr.

eHarmony’s former VP of Content material Jeannie Assimos joined in July as Head of Content material and Communications, as did Product Designer Vivian Jalique, from Chipotle. VP of Knowledge & Analytics Shyam Sivakumar, previously at Uber and Hippo, and search engine optimization Content material Strategist Ryan Becker, beforehand with Massive Fish Video games, spherical out the brand new members of the workforce.

“It is an thrilling time to be right here and make a big influence on our enterprise,” mentioned CEO Binu Girija. “I am thrilled with the extent of expertise in each our present employees and the brand new workforce members, who carry a contemporary perspective to Means.”

Launching with their widespread parking platform in 2014, the corporate has added a number of strategic verticals alongside their profitable flagship parking reservation app, together with automotive washes, and the flexibility to buy and buy the most effective charges for auto, renters, bike, and residential insurance coverage, which resulted in financial savings of as much as 3k in simply 30 seconds for brand new prospects.

And the enlargement continues, as Means goals to be the one auto app anybody would really ever want. EV charging station finders are set to launch within the fall of this yr, together with Means+, a bundle subscription service the place customers will save as much as $1,000 a yr on automotive companies with unique parking, automotive wash reductions, roadside help, and money for fuel.

About Means.com:

Means.com has shortly change into the main monetary platform for the way forward for transportation, the place 4 million drivers have found high-quality automotive companies in a single vacation spot. The workforce on the Bay Space startup believes automotive possession must be inexpensive for all People. Clients saved $50 million in 2020 with the corporate’s tech-forward method, as they signed up for the most effective auto insurance coverage charges in-app in seconds. The automotive companies market additionally finds and reserves the most effective metropolis and airport parking and units prospects up with the top-rated automotive washes within the space, and has partnered with 1000’s of parking areas, automotive washes and greater than 100 insurance coverage carriers, masking all 50 states.

Contact:

Jeannie Assimos, Head of Content material & Communications

jeannie.assimos@method.com

Supply: Means.com