2024 Revenue
$2.6M(Est.)
Funding
$10.1M
Team
23
Founded
2016
Carpay Revenue & Funding (2024)
Carpay generated an estimated $2.6M in annual revenue in 2024. Source: GetLatka estimate
Provider of an online cloud-based payment platform and secondary loan marketplace intended to help customers to manage their payments and account online at one place.
Last updated
Carpay Revenue
In 2024, Carpay's revenue reached $2.6M. The company previously reported $1.4M in 2023. Since its launch in 2016, Carpay has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Carpay Hit $2.6m revenue in October 2024 | Estimated |
| 2023 | Carpay Hit $1.4m revenue in December 2023 | Estimated |
| 2021 | Carpay Hit $1.8m revenue in April 2021 | Not recorded |
| 2016 | Launched with $0 revenue |
Carpay Valuation, Funding Rounds
Carpay has not publicly disclosed its valuation. The company has raised $10.1M in total funding to date.
Carpay has raised $10.1M in total funding across 4 rounds, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Funding round | $6.5M | - | - | Not recorded |
| 2020 | Funding round | $1.3M | - | - | Not recorded |
| 2019 | Funding round | $2.1M | - | - | Not recorded |
| 2017 | Funding round | $200K | - | - | Not recorded |
Founder / CEO
Brandon Cavalier
CEO
Brandon started in business at age sixteen, importing Apple accessories in bulk from China and selling them on eBay. Just after graduating high school, he opened a used car dealership in FL which would lead to the creation of Carpay eighteen months later.
Carpay Employees & Team Size
Carpay employs approximately 23 people as of 2026.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 23 employees (October 2024) | Not recorded |
| 2023 | Reached 23 employees (December 2023) | Not recorded |
| 2022 | Reached 26 employees (December 2022) | Not recorded |
| 2021 | Reached 35 employees (December 2021) | Not recorded |
| 2021 | Reached 29 employees (April 2021) | Not recorded |
Frequently Asked Questions about Carpay
What is Carpay's revenue?
As of 2024, Carpay generated an estimated $2.6M in annual revenue.
Who founded Carpay?
Carpay was founded by Brandon Cavalier.
When was Carpay founded?
Carpay was founded in 2016.
Who is the CEO of Carpay?
The CEO of Carpay is Brandon Cavalier.
How much funding does Carpay have?
Carpay raised $10.1M across 4 rounds.
How many employees does Carpay have?
As of 2024, Carpay had 23 employees.
Where is Carpay headquartered?
Carpay is headquartered in Venice, California, United States.
Compare Carpay to the industry
See how Carpay ranks against the best Commerce Software companies by revenue and funding.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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