Carputty has closed a Series B financing round to expand its embedded finance infrastructure across the automotive industry, bringing the total capital invested in the company to more than $40 million. The round included a new investment from an unnamed global online vehicle technology company, alongside continued backing from existing investors TTV Capital, Fontinalis Partners and Kickstart Fund. The Presidio Group served as Carputty’s exclusive financial advisor for the financing.
Carputty plans to use the capital to expand its loan origination and servicing capabilities and deepen integration of its embedded finance technology throughout the automotive ecosystem.
The Atlanta-based fintech company develops technology designed to modernize vehicle financing and ownership. Its proprietary Flexline and Flexloan products combine data-driven credit decisions, vehicle valuation insights and AI-powered underwriting in an asset-light platform that can be embedded into automotive partners’ existing workflows.
Carputty said the technology is designed to reduce friction in traditional auto lending while helping dealers and other automotive partners increase conversion rates, lower operating costs and maintain longer-term customer relationships.
For consumers, the platform supports a more transparent click-to-buy financing experience. Automotive partners can also incorporate additional products such as extended service plans and aftermarket add-ons into the customer journey.
Carputty has increasingly shifted toward an asset-light embedded finance model connecting technology, underwriting and capital partners. Its platform also integrates with AutoManager, a dealership management technology provider supporting approximately 5,000 independent dealerships nationwide.
KEY QUOTES:
“This milestone is a testament to Carputty’s vision and progress in leveraging technology to improve the customer experience and drive increased revenue for our auto industry partners. Our Flexloan and Flexline products are designed to solve the friction inherent in traditional auto lending. Our scalable platform provides dealers and our other partners with the AI-powered tools they need to drive higher conversion rates, reduce operational overhead and foster lifelong consumer relationships.”
Patrick Bayliss, Co-Founder and CEO of Carputty
“The Carputty platform integrates with several of our products and is improving consumer access to auto financing while creating meaningful efficiencies for our dealers.”
David Aeschbacher, Chief Technology Officer at AutoManager
“Consumers increasingly expect financing to be as flexible and easy to use as the other digital services they rely on every day. We’re seeing strong interest from investors in companies that remove friction from the vehicle ownership experience and create effortless connections between consumers, dealers and lenders. Carputty has positioned itself at the intersection of those trends.”
Brodie Cobb, CEO of The Presidio Group
