Carpay
Buy Here. Pay From Anywhere.
Venice, United States · Founded 2016 · $7.6M raised
- Headquarters
- Venice, California
- Employees
- 11–50
- Founded
- 2016
- Business Model
- B2B
- Website
- carpay.com
- Total Funding
- $7.6M
- Last Round
- $6.3M Series ADec 2020
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Carpay is a mobile app and loan management platform purpose-built for Buy Here Pay Here (BHPH) auto dealerships. The platform gives borrowers easy access to their loan accounts through a mobile app with Face ID login, enabling them to make payments, enable autopay, view detailed receipts, check balances, and manage notification preferences. For dealers, Carpay provides automated text and email payment reminders, portfolio summary and delinquency data, and two-way DMS integration that automatically syncs borrower payments. Since its founding in 2016, Carpay has processed over $800 million in payments, helping dealers grow their collection portfolios without adding staff.
Summary
Carpay is a Fintech company based in Venice, United States, founded in 2016. It has raised $7.6M in total across 2 rounds, most recently a $6.3M Series A round in Dec 2020. Investors include Social Leverage, FJ Labs and Pipeline Capital.
Tech & App Stack
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Funding History
Dec 2020
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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