ATLANTA – December 6, 2022 — Morris, Manning & Martin advised Carputty, a fintech company modernizing both auto financing and ownership, on its $12.3 million Series A funding round co-led by Fontinalis Partners and TTV Capital. The funding will accelerate development of Carputty’s data-driven platform and expedite nationwide availability of a new type of auto financing. The investment brings Carputty's total funding amount to $21.96 million. Additional investors include Porsche Ventures and Grand Ventures, as well as Kickstart Fund.
“We created Carputty to bring transparency to auto financing and empower car owners to make more informed decisions about their vehicles, just like they would with their other investments,” said Patrick Bayliss, co-founder and CEO. “We are proud to be supported by investment teams with deep experience in automotive and fintech, and thrilled that they embrace our vision.”
With the Carputty Flexline™, consumers and businesses get flexible lines of credit that can be used to finance any vehicle.
The MMM team is led by Nick Rueter with Elliot Franklin and Andy Klemm in Atlanta. Carputty announced the funding on December 6, 2022.
