Frontier Car Group
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.6m | Seed | ||
N/A | Seed | ||
* | $22.0m | Series A | |
$41.0m Valuation: $200m | Series B | ||
$17.0m | Debt | ||
$89.0m Valuation: $270m | Series C | ||
N/A | Convertible | ||
$240k | Late VC | ||
$400m Valuation: $700m | Growth Equity VC | ||
Total Funding | €503m |
Recent News about Frontier Car Group
EditFrontier Car Group (FCG) is a technology-driven company that revolutionizes the used car market in emerging economies. Operating in countries such as Nigeria, Pakistan, and Mexico, FCG provides a platform that facilitates the buying and selling of used cars. The company serves individual car owners looking to sell their vehicles quickly and efficiently, as well as car dealerships seeking to expand their inventory. FCG's business model is based on creating a seamless and transparent process for car transactions, leveraging technology to offer real-time pricing, vehicle inspections, and secure payment options. The company generates revenue through transaction fees, service charges, and value-added services such as financing and insurance. By addressing the inefficiencies in traditional car markets, FCG aims to provide a reliable and trustworthy solution for both sellers and buyers.
Keywords: used cars, emerging markets, technology-driven, vehicle inspections, real-time pricing, secure payments, transaction fees, financing, insurance, car dealerships.