AutoFi, Inc. announced that it will issue 10,501,000 series C preferred shares at issue price of $5.1424 per share for the gross proceeds $54,000,342.4 in funding on March 2, 2022. The shares are convertible. The shares will be convertible in common shares at a price of $5.1424 per share.

The round will be raised at post money valuation of $527,157,873. The shares are issued at a par value of $0.0001.