Carpay logo — Mobile app and loan management software for Buy Here Pay Her...

Carpay

Mobile app and loan management software for Buy Here Pay Here (BHPH) dealerships.

Founded 2016 United States Venice, United States 22 employees Series A Total: $10.10M Financial Services, Fintech +3

General Information

Company Name Carpay
Founded Year 2016
Location United States Venice, United States
Employees 22
Industries Financial Services, Fintech, Lending and Investments +2
Funding Stage Series A
Social

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About Carpay

Carpay is a mobile app and loan management software catering to the specific needs of Buy Here Pay Here (BHPH) dealerships. The platform offers a range of features including automated text and email payment reminders, borrower account management, portfolio summary, and delinquency data, among others. Since its establishment in 2016, Carpay has facilitated millions of payments, enabling dealers to expand their portfolios and enhance collections operations within the Financial Services, Fintech, Lending and Investments, Payments, and SaaS sectors. Recently, the company secured a $6.50M Series A investment on 07 January 2021 from prominent investors including Social Leverage, Amplify LA, AutoTech Ventures, FJ Labs, and Pipeline Capital Partners. This investment is expected to further fuel Carpay's growth and innovation in the industry.

Taxonomy: payment processing, loan servicing, lending enablement, used cars, automotive, buy here pay here, BHPH

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $6.50M 5
Social Leverage, Amplify LA +3
07 Jan 2021
Seed Round $1.30M 1
Social Leverage
10 Feb 2020
Pre Seed Round $2.10M 2
Pipeline Capital Partners, Curtis Lee
01 Aug 2019
Pre Seed Round $200.00K 1
Amplify LA
01 Aug 2017
Convertible Note Undisclosed 1
Queen City Fintech
20 Mar 2016

Carpay Alternatives & Competitors

Carpay vs

Mashreq Merchant Payment Solutions is now NEOPAY.

Private Equity
18 employees
Finance, Financial Services
Carpay vs
GOLDPoint Systems
GOLDPoint Systems United States

Lending software for a better borrower experience.

106 employees
Finance, Financial Services
Carpay vs
OnePay
OnePay India

Where Buyers can buy now and avail pay later solution.

Pre-Seed
3 employees
Fintech, Payments

FAQ About Carpay

Mobile app and loan management software for Buy Here Pay Here (BHPH) dealerships.
Carpay was founded in 2016.
Carpay is headquartered in Venice, United States.
Carpay operates in Financial Services, Fintech, Lending and Investments, Payments and SaaS. Its work centres on payment processing, loan servicing, lending enablement and used cars.
Carpay has approximately 22 employees.
Carpay has completed 5 funding rounds, raising a total of $10.10M. The latest funding stage is Series A.
Top alternatives and competitors to Carpay include NEOPAY, GOLDPoint Systems, OnePay, ISGN Corporation - Leading Edge Mortgage and Loan Technology, Constant. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Carpay and NEOPAY are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Carpay, https://bouncewatch.com/company/carpay, updated 8 January 2025. When citing, please name BounceWatch and link this page.

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