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
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Website category Vehicles · Automotive Industry
- Email••••••••
- Phone•••• ••••
- Website carpay.com
- Social LinkedIn Facebook YouTube
- Legal Name Carpay, Inc.
- Total Equity Funding$10.11M (USD)
in 3 rounds
- Latest Funding Round$6.5M (USD), Series B
Dec 2020
- InvestorsSocial Leverage
& 5 more
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.
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.
- Total Funding $10.11M
- Total Rounds 3
- Last Round Series B — $6.5M
- First Round $20,000
(Jun 2016)
- Investors Count 6
All 3 funding rounds of CarPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $6.5M | Series B | – | Autotech Ventures | |
| Feb 2020 | $3.59M | Series A | – | – | – |
| Jun 2016 | $20,000 | Seed | – | RevTech Labs | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing globally | – | autotechvc.com | Menlo Park, United States | |
Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors | 2009 | socialleverage.com | Scottsdale, United States | |
Tech startups are accelerated sector-agnostically by Amplify. | 2011 | amplify.la | Los Angeles, United States | |
Seed-stage tech investments are made in the US and UK. | – | pipeline.vc | Anchorage, United States | |
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
- | – | revtechlabs.co | - |
Investor details for CarPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CarPay
5 people are tracked at CarPay (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Brandon Cavalier | Chief Executive Officer | Leadership |
Henry Debbas | VP of Strategy | Leadership |
Jessica Dormi | Director of Finance + BI | Leadership |
Dalton Evans | F&i Manager | Team |
Myles Stevenson | Data Quality Manager | Team |
Complete people profiles for CarPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CarPay
3 dated milestones of CarPay across 5 years, from founding to its latest funding, stage changes and deals.
- Founded CarPay is founded.
- Funding First funding round of $20K.
- Funding Latest funding round, Series B, of $6.5M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autofi.com | 2015 | San Francisco, United States | $127.06M | 150 | Cloud-based loan management is provided for automobile financing. | |
| vitu.com | 2015 | Agoura Hills, United States | – | 418 | Vehicle registration and titling are facilitated via SaaS platform. | |
| se-fi.com | 2019 | Richardson, United States | – | 113 | F&I management solutions are provided for auto-dealers. | |
| vero-technologies.com | 2020 | New York, United States | $8.5M | 16 | Asset-based lending solutions are provided through modern infrastructure technology. | |
| ottomoto.net | 2020 | Cumming, United States | – | – | Platform for automotive dealers to manage lending, buyer verification, and deals efficiently. | |
| evenflow.ai | 2020 | – | $1.5M | – | Provider of AI-powered finance management solutions for automotive dealerships |
Detailed competitors of CarPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CarPay
The website of CarPay (carpay.com) receives about 29.5K visits a month and ranks #1,049,558 among all websites worldwide, #8,727 in Automotive Industry.
- Monthly visits29.5K
▲ 31.1% vs previous month
- Unique visitors8.9K
per month
- Global rank#1,049,558
among all websites
- Category rank#8,727
Vehicles · Automotive Industry
- Bounce rate54%
- Pages per visit3.0
- Average visit1 min 45 sec
- DevicesDesktop 20% · Mobile 80%
Similar companies to CarPay
10 companies that operate in the same segment as CarPay (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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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. The company's 1st funding round was a Seed of $20K, raised on Jun 2016.
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.
CarPay operates through Carpay, Inc..