FT Partners Working with Car IQ to Lead Next Phase of Growth Funding
Car IQ, the company pioneering payment technology for connected vehicles, today announced the launch of new growth financing, building on a recent $8 million strategic investment. The company has engaged Financial Technology Partners (FT Partners) to lead its capital raising and banking strategy moving forward.
Car IQ Unveils Whitepaper in Collaboration with Visa on Secure, Vehicle-Based Fleet Payments
Car IQ, in collaboration with Visa, a global leader in digital payments, has unveiled a new whitepaper showcasing the advantages of vehicle-based payments. The findings, detailed in Cardless Fleet Payments: How Car IQ is Re-Inventing the Fleet Payment Process, emphasizes how this innovative approach is redefining security, efficiency, and cost savings for fleet operations.
Car IQ Closes an Oversubscribed $15 Million Series B Round for Fleet Vehicle Payment Platform
Car IQ, the first payment solution developed specifically for fleet vehicles, today announced it has raised $15 million in Series B funding. The round was led by Forté Ventures. Other new investors Ally Ventures, BlackBerry Limited (NYSE: BB; TSX: BB), State Farm Ventures®, and TELUS Ventures joined existing investors Alpana Ventures, Avanta Ventures, Citi Ventures, Quest Venture Partners, and Scrum Ventures.
