- B2B
- Early StageStartup in initial stages
Carpay careers
CarPay helps BHPH dealers become more profitable. By providing the dealers' borrowers with easier ways to pay, and by automatically keeping those customers up-to-date (via text/email) with their car loan, the dealer sees an immediate reduction in delinquencies.
Then, the real-time data on each of those loans is repurposed to create a marketplace where the loans can be sold to larger lenders; much like the way mortgages are.
Then, the real-time data on each of those loans is repurposed to create a marketplace where the loans can be sold to larger lenders; much like the way mortgages are.
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Nick Swezey
CTO/Co-founder CarPay, Inc; Founder HowTheMarketWorks.com (1+ million registrations; sold it), FastProtos.com (3D printing; still own)
Brandon Cavalier
CEO at Carpay
Valuation
$25.5M
Funded over
5 rounds
Latest round
Series A (Jan 2021)
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