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Synopsis
Capstreet-backed Informativ, a provider of fraud prevention, compliance, and credit technology for the automotive and consumer finance industries, completed the acquisition of Carmatic, an automotive payment API provider. Financial terms were not disclosed. “We’re thrilled to join Informativ and scale our vision of powering payments across automotive commerce. With Informativ’s resources and market reach, we plan to accelerate adoption of our direct-to-dealer payments platform, providing both dealers and their software partners the ability to present transparent, compliant, and lender-ready payment options designed to streamline the path to purchase.,” David Domm, Carmatic Co-Founder and CEO.
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