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Carputty Secures $80M In New Funds to Accelerate Growth
FCNCAFirst Citizens BancShares(FCNCA) Newsfilter·2024-03-06 11:00

Carputty, a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a 75millionwarehouse/financingfacilitywithSiliconValleyBank(SVB)withanadditionalequityinvestmentof75 million warehouse/financing facility with Silicon Valley Bank (SVB) with an additional equity investment of 5M. This milestone SVB agreement, replacing the former $20 million facility, marks a significant leap forward in Carputty's expansion strategy and ability to meet burgeoning market demand. ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Carputty ("Carputty" or the "Com ...