Articles from Car IQ

Circle K, a global leader in convenience and mobility, is making fleet payments faster and easier through a strategic partnership with Car IQ, a pioneer in vehicle-based payment technology. Together, they have launched Circle K Pro Digital+, an innovative payment solution that eliminates traditional fuel cards and expands payment capabilities beyond fuel to include tolls and other vehicle-related expenses across the U.S.

Car IQ, a leader in vehicle-based payments, has launched Station Controls, a new feature within the Car IQ Pay platform that gives fleets real-time control over fuel spend by automatically blocking high-cost stations and guiding drivers to more cost-effective alternatives closest to them.

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, 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, 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.