CarClarity

About

CarClarity is an online automotive financing and retail platform that matches buyers to 30+ lenders, handles loan comparisons, applications and approvals, sources dealer cars and manages finance and insurance.

Mission

CarClarity launched its platform in March last year to connect car buyers with more than 30 finance lenders, handling loan comparisons, applications and approvals. The company matches customer data and criteria to lenders digitally and guides customers through a simple online application to help them secure financing. It also sources cars from the dealer market and manages finance and insurance, and the company says consumers often save thousands. Revenue grew 600% in the six months prior to the article and the business currently employs 15 people, with plans to expand to 50 and invest in engineering and product development. Later in the year CarClarity plans to launch a car‑buying offering that will give customers access to nearly 300 Australian dealerships. The company raised $3m in a Series A and did not disclose its valuation.

Quick Facts