Hyperwallet Selected by CarHopper for Earnings Distribution as the Company Grows
San Francisco, California – Hyperwallet, a leading global payouts provider to millions of independent workers, announced today that it has penned a contract with CarHopper, a budding peer-to-peer car sharing service. Hyperwallet will conduct payouts to CarHopper’s growing roster of independent car owners, and will provide supporting payments infrastructure as the promising startup expands its operations within the United States and abroad.
CarHopper was founded in 2015 and is headquartered in Miami, Florida. The platform provides an affordable, convenient alternative to outdated car rental services, connecting car owners who have underused vehicles with car renters who want to use them. CarHopper lets owners set the hourly, daily, weekly, and monthly rates for their vehicle, and the company’s proprietary software guide users through the finer details of the rental process, including the walk around inspection at handoff. CarHopper performs MVR background checks on every renter and provides a comprehensive policy on rented vehicles through a Fortune 500 insurance company.
“It’s become increasingly clear that a convenient and consistent payout process is central to success in the sharing economy,” said Bora Hamamcioglu, Founder and CEO of CarHopper. “CarHopper helps car owners offset the rising costs of car ownership, and many of our users depend on the additional monthly income they earn on our platform. Naturally, it was important for us to have a payout partner with a proven record of delivering payouts to independent earners quickly and efficiently.”
“CarHopper’s innovative approach to car sharing will inevitably change how people think about temporary transportation, and we’re very excited to work with them as their company continues to grow at a lightning pace,” said Brent Warrington, Hyperwallet’s CEO. “We know firsthand how important payouts are to platform adoption, and our seamless API integration affords Hyperwallet clients comprehensive control over the payout process. In the sharing economy, having that control can often make the difference.”