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Security Type
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Membership Units
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Min Investment
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$100
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Offering Date
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January 21, 2025
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Expected Close Date
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March 29, 2025
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Target Raise
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$1.24M
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Valuation
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$15,000,000
Company Description
We are redefining what car buying and service should feel like—responsive, transparent, and efficient.Unlike traditional dealerships, we act with urgency, offering clients live, expert consultations instead of impersonal bots or static websites. Clients trust us for our knowledge and ability to deliver exceptional outcomes by negotiating hard within the supply chain while maintaining low overhead to offer great value to our customers. Our streamlined approach not only maximizes productivity during our limited business hours but also fosters a healthier work-life balance for our team. This flexibility enables us to attract top talent, outpacing competitors who operate on outdated, exhaustive schedules. As we scale, we are transforming the industry through vertical integration. From owning finance, warranty, and technology portfolios to establishing a national footprint, our strategy brings together independent dealers and sales staff under one unified, innovative brand.By adapting technology, selling cars, fulfilling orders, and leveraging fintech services, we are positioning ourselves to lead the future of automotive sales and service.
Management Team / Advisory Board Bios
Our teammates all believe in our company philosophy which is that we need to be better, more efficient, and truly care about every one of our customers.Our goal is never to just sell a vehicle, but to have long term relationships with our customers. If we do our job well, our customers will naturally tell friends, family, and coworkers about Imotobank – and we have seen that happen thousands of times over the past few years.
The ManagementJordan Boulis
Sales Manager
Jordan is an expert in giving his clients the best service and really taking care of them. He is an avid volleyball and soccer player in his spare time!
Thomas Hoermann
CFO
Thomas is the newest executive at Imotobank, having supported the team at Imotobank since January 2022. He has an MBA with a major in financial management and cost accounting.
Phillip Ibrahim
CEO / COO
Phillip founded Imotobank in 2001 with the mission of merging his experience in the car business with his idea that buying a car should not be a struggle, but a collaborative effort between dealer and car buyer. Since that day he has sold over 5000 vehicles to over 4000 customers. Many of whom have continued that relationship for over 15 years.
Rami Selim
CTO
Rami joined Imotobank with the goal of transforming its technology and marketing so that many more car buyers could realize the benefits of working with Imotobank. A graduate of Boston College with a Masters in Engineering from UMass Lowell, he has 10+ years of experience in marketing and technology consulting and implementation.
Sales Team & Service ManagementNancy Beshara
Operations Manager
Nancy has more than 18 years of operations and planning experience in supply chain management. She managed sales teams and oversaw independent companies and tuned them for operational efficiency. She’s determined and conscientious. Her experience allows Imotobank to continuously improve its efficiency.
Amir Ghobrial
Sales Representative
Amir is a UMass Boston alumnus who loves to travel. He’s the friendliest salesperson you’ll ever meet!
Joel Cappuccino
Service Manager
Joel ran a service shop that underwent mechanical work, auto body work, and detailing for 11 years. Not only is he extremely knowledgeable and experienced in all things automotive, but he has a great sense of humor and his customers love him.
George Habib
Service Manager
George, one of the earliest members of Imotobank, is a vehicle service specialist. Making sure all the cars go through our rigorous inspection process and pass with flying colors, he leaves no stone unturned.