Car Capital Technologies provides financing solutions and origination services to independent and franchise automotive dealerships, supporting dealer growth and portfolio expansion. The company offers debt facilities and plans to enhance its underwriting through AI-compatible models while improving its technology platform. Recent financings will be used to expand its dealer network and scale origination capabilities. Car Capital closed a senior/subordinate warehouse financing facility composed of Class A and Class B secured debt to support ongoing originations. Management is expanding with three senior hires: Jeff Adams joining the board, Kevin Godart as Head of Capital Markets and Assistant Treasurer, and Deanna Hamideh as Controller. These hires are intended to strengthen remarketing, capital markets execution, and financial reporting as the company grows. Car Capital operates DEALSSM, a proprietary web-based Dealer Electronic Auto Loan System that lets franchise and independent dealers make immediate auto loan decisions and modify deal terms in real time. The platform allows dealers to adjust terms based on the economics of each car and consumer, enabling back-end profit based on performance rather than minimum portfolio size requirements. The company is led by co-founder and CEO Justin Tisler and Chairman Brian Reed and serves both franchise and independent dealer partners. Car Capital closed a $20 million credit line with Medalist Partners, giving it access to capital to expand its business and fund deals. The debt facility is intended to support growth and transaction activity across its dealer network.

Total raised

$90M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jul 2024