Way.com hits $120 million in annualized revenue

Financial platform for cars Way.com has hit $120 million in annualized revenue, after receiving $7 million in private seed funding back in 2019.

Founded in 2014, the company offers a parking reservation app in addition to services such as car washes, and the ability to shop and purchase auto, renters, motorcycle, and home insurance.

“It’s an exciting time to be here and make a significant impact on our business. I’m thrilled with the level of talent in both our current staff and the new team members, who bring a fresh perspective to Way.” – CEO Binu Girija.

eHarmony’s former VP of Content Jeannie Assimos joined in July as Head of Content and Communications, as did Product Designer Vivian Jalique, from Chipotle. VP of Data & Analytics Shyam Sivakumar, formerly at Uber and Hippo, and SEO Content Strategist Ryan Becker, previously with Big Fish Games, round out the new members of the team.

The company also announced that EV charging station finders are set to launch in the fall of this year, along with Way+, a bundle subscription service that the company claims will save users up to $1,000 a year on car services with exclusive parking, car wash discounts, roadside assistance, and cash for gas.