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Texas  + State of Texas  + Retail  | 
Car Financing

Car Capital Closes a $150M Secured Credit Facility

Automotive FinTech company, Car Capital, recently closed a $150 million three-year secured credit facility and a $6.125 million equity investment from funds managed by affiliates of Fortress Investment Group. This milestone transaction provides Car Capital with the debt needed to continue to expand its rapidly growing business, fund more dealers and increase the number of underserved potential vehicle purchaser consumers.

“We are very pleased to partner with Fortress who has a long history of providing capital to FinTech and automotive companies,” said Justin Tisler, co-founder and CEO at Car Capital. “The commitment, both on the debt and equity side, of such a respected market participant is a testament to our business model, team and market opportunity.”

Through their proprietary fully digital platform, Dealer Electronic Auto Loan System (DEALS), Car Capital allows dealer partners to instantly approve 100 percent of customers, regardless of credit history.

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Justin Tisler

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Financing