About CarPay
CarPay is a company based in Wilmington (United States) founded in 2015. CarPay has raised $10.11 million across 3 funding rounds from investors including Social Leverage, FJ Labs and Amplify. CarPay offers products and services including Carpay Mobile App, Payment Reminders, and Payment Syncing. CarPay operates in a competitive market with competitors including AutoFi, Vitu, StoneEagle F&I, Vero and OttoMoto, among others.
- Headquarter Wilmington, United States
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Carpay, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.11 M (USD)
in 3 rounds
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Latest Funding Round
$6.5 M (USD), Series B
Dec 28, 2020
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Investors
Social Leverage
& 5 more
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Employee Count
Not available
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Products & Services of CarPay
CarPay offers a comprehensive portfolio of products and services, including Carpay Mobile App, Payment Reminders, and Payment Syncing.
App for customers to make payments and view loan details.
System for sending automated email and text reminders.
Tool to sync payments with dealer management systems.
People of CarPay
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Leadership Team
2 people
F Team
1 people
Software Development Team
1 people
Finance and Accounting
1 people
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Funding Insights of CarPay
CarPay has successfully raised a total of $10.11M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6.5 million completed in December 2020. 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.
Investors in CarPay
CarPay has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Social Leverage, FJ Labs and Amplify.
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VC firm investing globally
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Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors
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Tech startups are accelerated sector-agnostically by Amplify.
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Investor details for CarPay
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Investments & Acquisitions by CarPay
Investment portfolio details for CarPay
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Financial Statements - CarPay
Detailed financials for CarPay
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Carpay Comparisons
Peer comparison for CarPay
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- Headcount comparison
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Competitors of CarPay
CarPay 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 AutoFi, Vitu, StoneEagle F&I, Vero and OttoMoto, among others.
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Cloud-based loan management is provided for automobile financing.
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Vehicle registration and titling are facilitated via SaaS platform.
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F&I management solutions are provided for auto-dealers.
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Asset-based lending solutions are provided through modern infrastructure technology.
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Platform for automotive dealers to manage lending, buyer verification, and deals efficiently.
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Detailed competitors of CarPay
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Latest news on Carpay
Complete news archive for CarPay
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- Full article archive
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Frequently Asked Questions about CarPay
CarPay was founded in 2015 and raised its 1st funding round 1 year after it was founded.
CarPay is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
CarPay is a funded company, having raised a total of $10.11M across 3 funding rounds to date.
CarPay was founded in 2015 and is based in Wilmington, United States. Loan lifecycle management software is provided by the company for purchase financing in the automotive sector. Services include loan origination and servicing, closing and processing, with payment options available through mobile, desktop, or phone channels. Operations focus on streamlining borrower interactions and financial workflows.
CarPay's top competitors include AutoFi, StoneEagle F&I and Vero.
CarPay offers Carpay Mobile App, Payment Reminders, and Payment Syncing.
CarPay has 6 investors. Key investors include Social Leverage, FJ Labs, Amplify, Autotech Ventures, and Pipeline Capital Partners.