How much funding has Carpay raised?

Carpay has raised $7.6M in total funding, most recently a series a round.

Who are Carpay's investors?

Carpay's investors include Social Leverage, FJ Labs, Pipeline Capital.

Where is Carpay headquartered?

Carpay is headquartered in Venice, California, United States.

Carpay

Buy Here. Pay From Anywhere.

Venice, United States · Founded 2016 · $7.6M raised

Fintech

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

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.