French fintech startup PayCar, a payment solution for the purchase and sale of used vehicles, has raised €1.3 million from BNP Paribas.
Paycar was founded in March 2015 by Vincent-Lavauzelle Marty and Mike Waldman, to offer a simple and secure payment solution for the purchase and sale of used vehicles. With Paycar, it is possible to securely buy a car at any time (including evenings and weekends). Buyers and sellers are first checked, then the buyer credits his PayCar account. The day of the transaction, the seller completes the payment instantly in a few clicks from their smartphone.
The founders said that the new funding will allow them to accelerate the adoption of their services and growth at the commercial level.
Read more: Maddyness (French)