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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
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 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 | - |
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.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Carpay yet.
Carpay employs approximately 23 people as of 2026.
Carpay generates an estimated $2.6M in annual revenue.
Carpay was founded by Brandon Cavalier.
The CEO of Carpay is Brandon Cavalier.
Carpay raised $10.1M across 4 rounds.
Carpay has 23 employees.
Carpay is headquartered in Venice, California, United States.
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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2024 Revenue
$2.6M(Est.)
Funding
$10.1M
Team
23
Founded
2016
| 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 |
| - |
| 2017 | Funding round | $200K | - | - |
| 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) |
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