When was CarPay founded?

CarPay was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is CarPay located?

CarPay is headquartered in Wilmington, United States.

How many employees does CarPay have?

As of Jul 31, 2026, the latest employee count at CarPay is 28.

Is CarPay a funded company?

CarPay is a funded company, having raised a total of $10.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 01, 2016.

When was the latest funding round of CarPay?

CarPay's latest funding was a $***** Series B round on Dec 28, 2020, with participation from 5 investors.

Where does CarPay rank among its competitors?

CarPay ranks 5th amongst 72 active competitors, of which 12 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was SelectFI, which secured $500K in Oct, 2025.

Who are the top competitors of CarPay?

CarPay's top competitors include Upstart, iVendi and MANTL. Among them, SelectFI secured the most recent funding round in October, 2025.

CarPay - 2026 Company Profile, Team, Funding & Competitors

CarPay is a series B company based in Wilmington (United States), founded in 2015 by Brandon Cavalier and Nick Swezey. It operates as a Loan life cycle management software for purchase financing. CarPay has raised $10.1M in funding from Autotech Ventures and RevTech Labs. The company has 72 active competitors, including 12 funded and 6 that have exited. Its top competitors include companies like Upstart, iVendi and MANTL.

Company Details

Carpay provides loan life cycle management software for purchase financing. It allows borrowers to make payments on the car loan channels such as mobile, desktop, or phones. It features loan origination & servicing, loan closing & processing, and more.

Website: www.carpay.com/
Email ID: *****@carpay.com
Phone Number: +1 **********

Key Metrics

Founded Year

2015

Location

Wilmington, United States

Stage

Series B

Total Funding

$10.1M in 3 rounds

Latest Funding Round

Series B, Dec 28, 2020, $*****

Investors

Autotech Ventures & 8 more

Ranked

5^th among 72 active competitors

Employee Count

28 as on Jul 31, 2026

Similar Companies

Upstart & 78 more

View CarPay's full profile

CarPay has raised a total funding of $10.1M over 3 rounds. Its first funding round was on Jun 01, 2016. Its latest funding round was a Series B round on Dec 28, 2020 for $*****. 5 investors participated in its latest round. CarPay has 9 institutional investors.

Here is the list of recent funding rounds of CarPay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 28, 2020	4050353	Series B	7852101	3624904	5415196	3845951
Feb 11, 2020	6989176	Series A	2762831	2490328	2671990	9939778
Jun 01, 2016	2015207	Seed	9599445	2584088	RevTech Labs	6668922

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View details of CarPay's funding rounds and investors

The founders of CarPay are Brandon Cavalier and Nick Swezey.

Here are the details of CarPay's key team members:

Brandon Cavalier: Co-Founder & CEO of CarPay.
Contact Info: 1 email address
Nick Swezey: Co-Founder & CTO of CarPay.
Contact Info: 1 email address

View details of CarPay's Founder profiles and Board Members

CarPay's employee count trend

CarPay has 28 employees as of Jul 26. Here is CarPay's employee count trend over the years:

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Top competitors of CarPay include Upstart, iVendi and MANTL. Here is the list of Top 10 competitors of CarPay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Upstart 2012, Palo Alto (United States), Public	AI-enabled online marketplace offering diversified loans to consumers and businesses	$129M	Third Point, Founders Fund & 28 others	80/100
2nd	iVendi 2009, Colwyn Bay (United Kingdom), Seed	Provider of automotive finance technology for dealers and lenders	$5.48M	The Technology And Innovation Fund, Deesse C I ... & 6 others	63/100
3rd	MANTL 2016, New York City (United States), Acquired	Developer of account origination software for banks and credit unions	$68.8M	CapitalG, Sinai Ventures & 13 others	61/100
4th	Sofico 1988, Ghent (Belgium), Acquired	Leasing & financing solutions for the automotive industry	-	Apheon, Ergon Capital Partners	57/100
5th	CarPay 2015, Wilmington (United States), Series B	Loan life cycle management software for purchase financing	$10.1M	Ambridge Capital, Enter Ventures & 7 others	55/100
6th	LULA 2020, Miami (United States), Series B	Provider of AI-powered virtual assistants for sales and support	$53.5M	Founders Fund, Khosla Ventures & 22 others	53/100
7th	StoneEagle F&I 2019, Richardson (United States), Acquired	F&I menu, metrics & administration solution for auto-dealers	-	-	52/100
8th	SelectFI 2023, Buffalo (United States), Seed	Developer of predictive lending solutions for automotive dealerships	$7.32M	StartFast, Launch NY & 7 others	52/100
9th	FUSE 2020, Edina (United States), Series A	AI & SaaS-driven finance management solution for auto dealers	$10M	Target Global, Viola FinTech & 3 others	50/100
10th	Vero 2020, New York City (United States), Series A	SaaS-driven financing management software for auto dealers	$8.5M	RevTech Labs, BankTech Ventures & 7 others	48/100