About AutoPay
AutoPay is a company based in Denver (United States) founded in 1997.. AutoPay has raised $7.32 million across 3 funding rounds from investors including FM Capital and St. Paul's Lutheran Church & School. The company has 331 employees as of December 31, 2022. AutoPay offers products and services including Auto Refinance, New Car Loan, and Lease Buyout. AutoPay operates in a competitive market with competitors including Octane, Lendbuzz, WithClutch, Carputty and Car Capital Technologies, among others.
- Headquarter Denver, United States
- Employees 331 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Savings Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.32 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Unspecified
Jan 20, 2017
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Investors
FM Capital
& 1 more
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Employee Count
331
as on Dec 31, 2022
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Products & Services of AutoPay
AutoPay offers a comprehensive portfolio of products and services, including Auto Refinance, New Car Loan, and Lease Buyout. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to refinance auto loans for lower interest rates.
Financing option for buying new or pre-owned vehicles online.
Assistance to pay off leases and retain vehicles early.
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Funding Insights of AutoPay
AutoPay has successfully raised a total of $7.32M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $6 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $6.0M
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First Round
First Round
(19 Nov 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Debt – Conventional - AutoPay | Valuation |
investors |
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| Jan, 2017 | Amount | Unspecified - AutoPay | Valuation | Fraser McCombs Capital |
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| Nov, 2013 | Amount | Unspecified - AutoPay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AutoPay
AutoPay has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FM Capital and St. Paul's Lutheran Church & School. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech focused growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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A Lutheran church and school offering spiritual and educational services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AutoPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AutoPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Autopay Comparisons
Competitors of AutoPay
AutoPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octane, Lendbuzz, WithClutch, Carputty and Car Capital Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant financing solutions are offered for vehicle purchases by Octane.
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| domain | founded_year | HQ Location |
Online car loans are provided via a digital application platform.
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| domain | founded_year | HQ Location |
Car loans are refinanced via an online lending marketplace.
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| domain | founded_year | HQ Location |
Automobile loans are provided via an online platform for consumers.
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| domain | founded_year | HQ Location |
Online platform to streamline purchase and finance of car
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Autopay
Frequently Asked Questions about AutoPay
When was AutoPay founded?
AutoPay was founded in 1997 and raised its 1st funding round 16 years after it was founded.
Where is AutoPay located?
AutoPay is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is AutoPay a funded company?
AutoPay is a funded company, having raised a total of $7.32M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $1.32M, raised on Nov 19, 2013.
How many employees does AutoPay have?
As of Dec 31, 2022, the latest employee count at AutoPay is 331.
What does AutoPay do?
AutoPay is an online lending marketplace for auto loans. Its marketplace platform connects borrowers and lenders for auto loans refinance and new purchase finance. It has partnered with a network of trusted credit unions and financing institutions. It also offers extensive options for vehicle service contract options that cover maintenance and repairs and provide roadside assistance in some cases.
Who are the top competitors of AutoPay?
AutoPay's top competitors include Lendbuzz, Octane and Credit Acceptance.
What products or services does AutoPay offer?
AutoPay offers Auto Refinance, New Car Loan, and Lease Buyout.
Who are AutoPay's investors?
AutoPay has 2 investors. Key investors include FM Capital, and St. Paul's Lutheran Church & School.
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