CarPay bridges the gap between the worlds of Buy Here Pay Here (BHPH) and Wall St. On one side there are 35,000 cash-flow-hungry domestic BHPH dealers that collectively hold over $100B in high-yield ‘paper’ (28% APR), and on the other side you have yield-starved Wall St. investors. CarPay aggregates and digitizes BHPH loans by offering the dealers thousands of dollars of upfront software value, and letting their borrowers generate CarPay’s revenue through interchange markup and a convenience fee. Any dealer using CarPay has all their loans digitized and can then sell their ‘paper’ to the Wall St. firms at the click of a button.