Cars Acquires Creditiq Automotive Fintech Platform, Enabling Instant Financing For Consumers, Dealers And Lenders
Round Type
Funding Round
ChicagoFinancial ServicesSoftwareCommerce And ShoppingPaymentsMusicDescription
Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, announces it has signed a definitive agreement to acquire CreditIQ, a cutting edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying. Consideration for the transaction will be $30 million at closing, funded using cash on hand, with the potential for up to an additional $50 million in performance-based cash consideration to be earned over the next three years. The transaction is expected to close this month.
Quick answer
Cars raised an undisclosed amount in a Funding Round round, dated November 4, 2021. Cars is based in Chicago, Illinois, United States.
- How much did Cars raise?
- Cars raised an undisclosed amount in a Funding Round round on November 4, 2021.
- What does Cars do?
- In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain..
- Where is Cars based and how big is it?
- Cars is based in Chicago, Illinois, United States.
Source: Fundz verified event record.
Who else raised in Financial Services and Commerce And Shopping around the same time
Companies in the same sectors as Cars that raised within 45 days of this round, from Fundz verified event records.
- Anchorage Digital raised $350M (Series D) on December 15, 2021.
- Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
- Gemini raised $400M (Private Equity) on November 18, 2021.
- Stori raised $200M (Funding Round) on November 11, 2021.
- Galoy raised $3M (Seed) on December 15, 2021.
- Mesh Payments raised $50M (Funding Round) on December 14, 2021.
Who to call at Cars, and when
A new round usually means Cars is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Cars raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cars, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Cars. With Fundz connected, it knows.
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Fundz sees it the moment Cars raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Cars raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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