At first, Carlypso helped individuals sell their cars to other individuals. Later on, Chris and Nicky pivoted from consigning privately owned cars to a consigning off-lease and rental vehicles.
In 2017, Chris and Nicky sold Carlypso to Carvana. The two founders couldn’t resist and decided to start a new company www.WithClutch.com.
The premise for the new business is this: car owners with high interest auto loans often end up with lot’s of negative equity. To address this problem, Chris and Nicky want to create a new auto loan product that rewards car owners for making their payments by reducing the interest rate of the loan over time, you check out their auto loan calculator here.
https://www.withclutch.com/auto-loan-refinance-calculator
Come listen to this part 2 of the #5Liner. We are Brewin’ Solutions and all you have to do is Get You Some!
