GRAPEVINE, Texas, April 13, 2021 /PRNewswire/ — Car Capital, an automotive FinTech company, has closed a $20 million credit line with Medalist Partners. This transaction gives Car Capital access to capital to expand their business, fund deals, and ultimately get consumers into cars. Car Capital’s proprietary, web-based platform, Dealer Electronic Auto Loan System (DEALSSM) allows franchise and independent dealers to make 24/7 immediate auto loan decisions for 100% of their customers.
We are thrilled to work with Medalist to grow our dealer network. —Brian Reed, Chairman at Car Capital.
“Car Capital is excited to be able to help our dealer partners offer financing to their customers through the debt we’ve secured with Medalist Partners. We are planning to significantly expand our dealer network and grow our revenue with this additional capital,” said Justin Tisler, Co-founder and CEO at Car Capital. “Medalist has been an invaluable