Caribou starts the year with another round of layoffs

Based on information obtained by Coverager, fintech startup Caribou has laid off around 100 employees last week.

Last year, the startup, which also offers insurance, made cuts that impacted around 65 people.

Founded in 2016, Caribou, formerly MotoRefi, allows consumers to refinance their existing car loans. It raised $189 million and its latest financing round – $115 million Series C – was announced in May and included participation from CMFG Ventures.