Carputty raises Series B, passing $40M total for embedded auto finance
What's the deal? Carputty, an Atlanta-based fintech modernising vehicle financing, has closed a Series B round to expand its embedded finance platform across the automotive industry. The round drew a new investment from a global online vehicle technology leader alongside existing backers TTV CapitalDealroom has a profile for this one. Try Dealroom →, Fontinalis PartnersDealroom has a profile for this one. Try Dealroom →, and Kickstart FundDealroom has a profile for this one. Try Dealroom →. It brings total capital invested in the company to more than $40 million.
What's the endgame? Carputty builds loan origination and servicing infrastructure through its Flexloan and Flexline products, which offer a click-to-buy financing experience for consumers. The platform integrates into partner workflows and supports sales of extended service plans and aftermarket add-ons.
Where the money goes: The company will expand its loan origination and servicing capabilities and integrate its infrastructure more deeply across the automotive ecosystem. The Presidio GroupDealroom has a profile for this one. Try Dealroom → served as exclusive financial advisor on the round.
Why now? The financing follows Carputty's shift to an asset-light, scalable embedded finance model that aligns technology, underwriting, and capital partners. AutoManagerDealroom has a profile for this one. Try Dealroom →, a dealership management company supporting roughly 5,000 independent dealerships, is among the partners using the platform.
"Our Flexloan and Flexline products are designed to solve the friction inherent in traditional auto lending," said Patrick Bayliss, co-founder and chief executive officer of Carputty. He said the platform gives dealers "AI-powered tools" to raise conversion rates and cut operational overhead.
The signal: Investor appetite is growing for companies that make vehicle financing as flexible as other digital services. "Carputty has positioned itself at the intersection of those trends," said Brodie Cobb, chief executive officer of The Presidio Group.
Image credit: William Hook
