CarPay
Latest round
- Series A
Last raised
- Dec 2020
Total raised
- $9.9M
Investors
- 5
About CarPay
CarPay, Inc.CarPay, Inc. was founded in 2016 and is headquartered in Wilmington, US. The company provides mobile solutions tailored for BHPH auto dealers, facilitating efficient payment collections.CarPay offers a mobile application and loan management software specifically designed for Buy Here Pay Here auto dealers. Its core product enables dealers to collect payments effectively through a multi-channel approach, allowing customers to manage their loan information, including outstanding balances and payment schedules. The platform features automated reminders, Face ID login, and a user-friendly interface that streamlines the payment process, reducing manual labor.CarPay operates on a subscription-based revenue model, catering to BHPH auto dealers for effective loan portfolio management and payment facilitation. Revenue is generated through fees associated with the use of the CarPay application, where customers can make payments that seamlessly sync with dealers' existing Dealer Management Systems. The company is focused on launching new products designed to improve customer interactions and streamline loan management processes. Additionally, CarPay aims to expand its presence within the BHPH market across various regions in the United States, although specific markets have yet to be disclosed. These strategic initiatives will support the company's growth objectives and enhance its service offerings.
Who invested in CarPay
5 investors across 2 rounds
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Questions about CarPay
Who invested in CarPay?
CarPay has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CarPay raised?
CarPay has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CarPay last raise money?
CarPay's most recent round on record is a Series A, in Dec 2020.
What does CarPay do?
CarPay is a software company.
Where is CarPay headquartered?
CarPay is headquartered in Wilmington, US.
Which VCs invest in companies like CarPay?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at CarPay's stage. Their profiles are linked below.
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