MOUNTAIN VIEW, Calif.,
Sept. 27, 2016 /PRNewswire/
-- Beepi, Inc., the radically new way to buy, sell and own
cars, today announced it hired David
Faugno as its chief financial officer (CFO). This is the
first CFO hire for the national online marketplace, which has been
in operations for just over two years.
"Beepi's organic growth and diversification in services has
ushered in the need for expanding our leadership team," said Ale
Resnik, CEO and co-founder of Beepi. "With his track record of
success in guiding financial strategy and operations in both the
public and private markets, David is well-positioned to lead Beepi
through the next chapter as the automotive industry evolves and
Beepi continues its exceptional growth."
Faugno joins Beepi from Barracuda Networks (NYSE: CUDA), where
he led as CFO for a decade. Barracuda scaled immensely under his
leadership; Faugno joined when it employed fewer than 100 people
and grew to over 1,500 during his tenure. He led the acquisitions
of over a dozen companies, took the company public in 2013 and led
the finance organization for the public company for more than two
years. He has been recognized as Silicon Valley Business Journal
CFO of the Year in 2013. Faugno studied at Rutgers University and earned an MBA from
Duke University.
Recently, Beepi has added new services and features that make
the car buying and selling experience even easier for consumers.
These moves build upon Beepi's record sales: Beepi grew over 250%
in the first half of 2016 when compared to the same period last
year.
- In September 2016, Beepi added
Beepi Blue, a new service to make
it even easier to sell a used car online or via mobile phone. With
Beepi Blue, Beepi will make an offer on all cars, even ones that
don't meet Beepi's stringent requirements or don't pass the
240-point inspection, and sell them at a wholesale auction.
- Beepi expanded its delivery service nationwide in July 2016, as the company saw strong website
traffic and inquiries from consumers located in non-Beepi markets.
Now, people can buy a great quality used car from anywhere in the
continental US (except North
Dakota and Montana) and get
it delivered right to their driveway with a 10-day money-back
guarantee.
- Beepi became the first online marketplace to add the
flexibility of used car leasing in April
2016, as part of a partnership with Ally Financial.
Customers now have the option of affordable monthly payments
without the commitment of traditional car ownership.
- Earlier, in April 2016, Beepi
expanded its on-the-ground presence to 16 major metro areas with a
move into Houston. Beepi has seen continuous growth in its core
markets.
- Beepi released its first mobile app for buying and selling used
cars in December 2015. In turn,
customers are making more of their Beepi purchases on mobile
devices.
- Beepi released a new VR-like 360 view on Beepi.com and the
mobile app, giving buyers a full 360-degree visual of the exterior
and interior of the car without going to the dealership.
About Beepi
Beepi is the first startup to take on, and
successfully disrupt, the pre-owned car industry. A national
peer-to-peer marketplace, Beepi is the radically new way to buy,
sell or lease a quality car completely online, giving
consumers a superior experience that is fast, secure and even fun.
Beepi has been licensed by the Department of Motor Vehicles since
December 2013. For more information,
please visit www.beepi.com.
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SOURCE Beepi