Carputty Raises $7.2M in Seed Funding

Carputty

Carputty, an Atlanta, GA-based direct lender focused on the car financing business, raised $7.2m in seed funding.

The round was led by Kickstart Fund, which contributed $3m, with participation from Kinetic Ventures, University Growth Fund, Aries Capital Partners, and Atlanta-based entrepreneur John Dancu.

The company will use the funds to enhance its products.

Led by Co-founder and CEO Patrick Bayliss and Co-founder and CPO Joshua Tatum, Carputty provides a solution with actionable data so individuals can make smart investments and estimate the future value of their vehicles:

These include:

  • Flexline ™, which allows consumers to have one or more cars on a single platform, all while having interest rates determined by their unique profile versus what a dealer determines with markup
  • V3 Valuation ™, which provides predictive analytics to help consumers obtain the best values for their vehicles

FinSMEs

09/08/2021