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About
Heycar is an online platform that focuses on the buying and selling of quality used cars. It connects individual consumers with a network of trusted dealerships, ensuring that all vehicles listed on the site meet high standards for quality and reliability. The platform provides detailed vehicle histories and customer reviews to promote transparency in the car-buying process. Heycar generates revenue through transaction fees and partnerships with dealerships. The main goal of Heycar is to enhance customer satisfaction by making the car-buying experience more reliable and straightforward.
Company Stage
Seed
Employees
51-200
Industries
Automotive & Transportation
Total Funding
$70M
Headquarters
N/A
Founded
2017
Simplify's Take
What believers are saying
- Partnerships with major players like Allianz and Wrisk could lead to diversified revenue streams and enhanced customer trust.
- The focus on quality and transparency can attract a loyal customer base, leading to higher customer satisfaction and repeat business.
- Heycar's business model of transaction fees and dealership partnerships ensures a steady revenue stream.
What critics are saying
- The competitive nature of the online used car market could make it challenging for Heycar to maintain its unique value proposition.
- Reliance on partnerships with dealerships and insurance providers could pose risks if these relationships sour or fail to deliver expected benefits.
What makes heycar unique
- Heycar focuses on quality and reliability by partnering exclusively with trusted dealerships, unlike many competitors who allow private sellers.
- The platform's emphasis on transparency through detailed vehicle histories and customer reviews sets it apart in the used car market.
- Heycar's recent partnerships with Wrisk and Allianz to offer embedded car insurance and services enhance its value proposition beyond just car sales.
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6 month growth
↓ -11%1 year growth
↓ -33%2 year growth
↓ -56%Benefits
Competitive salaries
Pension contribution of 5%, when you contribute 3%
We work flexibly, in the office or at home, and trust our team to get the job done
When you join heycar you’ll get an allowance to set up your home-working space
Choose your own tech - join the Apple vs Microsoft debate!
28 days holiday plus Bank Holidays and your birthday
Extra day of holiday when you refer someone who’s hired at heycar
Private medical insurance from AXA
Critical Illness Cover
Annual subscription to FIIT fitness app
Access to online mental health support via Spill
Cycle to Work Scheme worth up to £1,000
£500 annual learning budget - you decide how to spend it to support your professional development
Ongoing personal development support including Lunch & Learns run by the team
Enhanced Family Leave
Life Assurance
Table tennis & table football - bring your competitive streak!
Snacks and an office bar that’s fully stocked
Access to our epic roof terrace
Regular team socials
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