2024 Revenue
$2.6M(Est.)
Funding
$10.1M
Team
23
Founded
2016
Carpay Revenue & Funding (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.
| 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 | |
| 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 | - | - | |
| 2020 | Funding round | $1.3M | - | - | |
| 2019 | Funding round | $2.1M | - | - | |
| 2017 | Funding round | $200K | - | - |
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.
Q&A
| Question | Answer |
|---|---|
| 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.
Carpay Employees & Team Size
Carpay employs approximately 23 people as of 2026.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 23 employees (October 2024) | |
| 2023 | Reached 23 employees (December 2023) | |
| 2022 | Reached 26 employees (December 2022) | |
| 2021 | Reached 35 employees (December 2021) | |
| 2021 | Reached 29 employees (April 2021) |
Frequently Asked Questions about Carpay
What is Carpay's revenue?
Carpay generates an estimated $2.6M in annual 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 across 4 rounds.
How many employees does Carpay have?
Carpay has 23 employees.
Where is Carpay headquarters?
Carpay is headquartered in Venice, California, United States.
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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