CarClarity

CarClarity

Australia’s first true car loan platform with an easy online application process. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€7—11m (Dealroom.co estimates Sep 2021.)
Company register number 606243243
Sydney New South Wales (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues1.4m3.7m4.0m
% growth-166 %8 %
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DateInvestorsAmountRound
*

AUD1.0m

Seed
*

AUD3.0m

Series A
Total Funding€2.4m

Recent News about CarClarity

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More about CarClarityinfo icon
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CarClarity is an innovative Australian startup that simplifies the car loan process by offering a comprehensive online platform for loan comparison and application. The company operates in the financial services market, specifically focusing on car financing. CarClarity serves a diverse range of clients, including individuals looking to purchase new or used cars, as well as businesses seeking vehicle financing.

The core business model of CarClarity revolves around providing a seamless, 100% online experience for car loan seekers. Clients fill out a single application, and CarClarity matches them with the best loan options from a panel of 30 lenders, encompassing over 1,000 financial products. This comparison process takes just 60 seconds, significantly reducing the time and effort traditionally associated with securing a car loan.

CarClarity makes money through commissions received from the lenders they recommend. This means that while the service is free for clients, the company earns revenue by facilitating successful loan agreements between borrowers and lenders. The platform offers both secured and unsecured car loan options, catering to various financial needs and circumstances.

The company’s value proposition lies in its ability to save clients time and money by quickly identifying the most suitable loan options based on individual circumstances such as income, living situation, and credit score. CarClarity also provides expert assistance to help clients navigate the complexities of car financing, ensuring they secure the best possible rates.

In summary, CarClarity is revolutionizing the car loan market in Australia by offering a fast, efficient, and user-friendly online platform that connects borrowers with a wide range of lenders, ensuring they get the best possible financing options.

Keywords: car loans, online platform, loan comparison, financial services, Australia, secured loans, unsecured loans, new car loans, used car loans, business car loans.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.