# PayCar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paycar

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.paycar.fr
- Total disclosed funding: $1.4M
- Latest round: Series A (Feb 13, 2017)
- Investors on record: 2

## About

PayCar provides innovative digital payment solutions tailored for the automotive industry, facilitating secure transactions between buyers and sellers. Their technology addresses transaction challenges with efficiency and safety.Founded in 2015 and headquartered in Paris, France, PayCar specializes in digital payment solutions for the automotive sector. The company has completed 2 deals to date, the most recent being a Venture Debt round on August 13, 2018, raising EUR 444,444.80. PayCar has secured a total of EUR 1.30 mn in funding. The founder's previous endeavors are not publicly known.PayCar specializes in digital payment solutions designed specifically for the automotive industry. Their offerings include a secure digital wallet and a payment platform that simplifies transactions between car buyers and sellers. By addressing risks associated with cash transactions and the complexities of traditional payment methods, PayCar enhances the purchasing experience with features like real-time transaction tracking. The service targets individual consumers, automotive dealers, and financial institutions across European markets, including France, Germany, and Spain.In the most recent fiscal year 2021, PayCar reported a revenue of EUR 476,243.70. The company's straightforward business model generates revenue through transaction fees for payments processed via its platform, facilitating B2B and B2C transactions in the automotive sales process. PayCar's pricing structure adapts according to transaction amounts, serving a wide range of users from individual buyers to larger dealerships.PayCar's future growth strategy includes plans to launch new products aimed at further enhancing digital payment solutions within the automotive sector. The company is also targeting geographic expansion into additional European markets, with specific plans to enter new regions by 2025. The proceeds from the most recent funding round will support these initiatives, focusing on product development and market entry efforts.

## Funding rounds

- Series A, Feb 13, 2017, $1.4M — Cathay Capital, BNP Paribas Asset Management

## Investors

- Cathay Capital — Series A
- BNP Paribas Asset Management (https://capitalatlas.ai/funds/bnp-paribas-asset-management) — Series A