Latka logo

2024 Revenue

$2.6M

Funding

$10.1M

YOY

87.9%

Team

23

Founded

2016

How Carpay CEO Brandon Cavalier grew Carpay to $2.6M revenue with a 23 person team in 2024.

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.

Carpay Revenue GrowthReported revenue / ARR by year$0$600K$1M$2M$2M$3M201620172018201920202021202220232024$0$2M$1M$3MSource: GetLatka.com
YearMilestone
2024Carpay Hit $2.6m revenue in October 2024
2023Carpay Hit $1.4m revenue in December 2023
2021Carpay Hit $1.8m revenue in April 2021
2016Launched 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.

Carpay Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$3M$5M$8M$10M$13M2016201720182019202020212016 cumulative: $0 • 2016 Founded: $02017 cumulative: $200K • 2016 Founded: $0 • 2017 Funding round: $200K2019 cumulative: $2M • 2016 Founded: $0 • 2017 Funding round: $200K • 2019 Funding round: $2M2020 cumulative: $4M • 2016 Founded: $0 • 2017 Funding round: $200K • 2019 Funding round: $2M • 2020 Funding round: $1M2021 cumulative: $10M • 2016 Founded: $0 • 2017 Funding round: $200K • 2019 Funding round: $2M • 2020 Funding round: $1M • 2021 Funding round: $7M$10M2016 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Funding round$6.5M--
2020Funding round$1.3M--
2019Funding round$2.1M--
2017Funding round$200K--

Carpay Employees & Team Size

Carpay employs approximately 23 people as of 2026.

Carpay has 23 total employees in different roles and functions.

Carpay Team GrowthReported headcount over time0815233038201620172018201920202021202220232024002323Source: GetLatka.com
YearMilestone
2024Reached 23 employees (October 2024)
2023Reached 23 employees (December 2023)
2022Reached 26 employees (December 2022)
2021Reached 35 employees (December 2021)
2021Reached 29 employees (April 2021)

Founder / CEO

Brandon Cavalier

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.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

We do not have customer count information for Carpay yet.

Frequently Asked Questions about Carpay

What is Carpay's revenue?

Carpay generates $2.6M in revenue.

Who founded Carpay?

Carpay was founded by Brandon Cavalier.

Who is the CEO of Carpay?

The CEO of Carpay is Brandon Cavalier.

How much funding does Carpay have?

Carpay raised $10.1M.

How many employees does Carpay have?

Carpay has 23 employees.

Where is Carpay headquarters?

Carpay is headquartered in Venice, California, United States.

People Also Viewed

NextME logo

NextME

NextME makes it simple for businesses to manage waitlists and serve more customers. Track visits and wait times, engage your customers in real-time with a custom virtual waiting room, and grow your business like never before. NextME leverages proprietary historical data to help businesses quote more accurate wait times during peak hours. We believe in superior customer service and that waiting in line can be done virtually, not physically. NextME's digital waitlist for businesses is available to download in the App Store today: http://apple.co/1IUTQWw We're hiring! See our current opening positions here: https://bit.ly/3llzOho Need an extra hand with a product demo? Give us a call at (877) 639-8631

BluAgent logo

BluAgent

BluAgent Technologies is a fully integrated SaaS platform that streamlines and simplify the entire safety and compliance process

Digital Horizon logo

Digital Horizon

Digital Horizon is a VC firm focused on backing exceptional entrepreneurs building B2B software-based solutions and marketplaces. With a presence in London, Tel Aviv and Moscow, Digital Horizon aims to seek out early-stage technology companies with the ultimate goal to assist them in building and scaling their business.

Trefis logo

Trefis

Provider of a business analysis technology. The company provides a data analytics technology for investors and decision-makers in business that allows users to share, use, and collaborate on analysis.

Liquid Logics logo

Liquid Logics

Liquid Logics, a True cloud-based SaaS Full Cycle Lending Software Solution for the residential Mortgage banking Industry. Based in the greater Kansas City area, Liquid Logics developed a full cycle Loan creation, Automated Underwriting and Mortgage Brief Case empowering borrower transparency and direct control of the loan process, changing their experience the way Travelocity did to the travel market. Liquid Logics unlike other legacy Loan Origination System who promise future roadmaps for online systems, provides today, online secure products that are focused on allowing consumers and lenders to effectively self-manage the flow of information and bi-directional direct communication between all interested parties of the transaction on all platform mobile, PC or tablets. The suite of products will provide real efficiency and profitability while gaining a competitive advantage. For more information please visit liquidlogics.com or contact us directly at 816-295-6240

DCatalog logo

DCatalog

DCatalog is the leading technology provider of digital publishing solutions. Our technology allows you to convert your PDFs into a unique digital content experience. Our suite of innovative digital publishing software solutions leverage a cloud based platform allowing you to deliver content via the web, tablets, mobile devices, and social channels. The elite features of DCatalog surpass any other software solution in the publishing industry. How It Works: DCatalog will convert PDFs and other printed materials into online and offline customized digital editions. Customizations include the ability to personally brand the content with a logo, embed unlimited video and audio, translate into various languages, track analytics, and sell products from within the edition, plus a whole lot more. DCatalog publishing solutions allow many brands worldwide to create digital editions in minutes, including digital catalogs, brochures, magazines and more. We are always willing to create custom solutions to serve the unique needs of every client. Our publishing solutions help clients reduce costs, expand reach, and improve effectiveness, while providing readers with a media-rich, visually stimulating digital content experience. Since the business was founded in 2008, DCatalog has experienced rapid growth as a privately held company headquartered in the capital of innovation, Silicon Valley.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Carpay Revenue 2024: $2.6M ARR, $10.1M Raised