No more wasted time hunting down the perfect car, only to find you can’t afford it, Carmoola gives users an immediate pre-approved budget and virtual card for instant purchasing. All in three easy steps. Giving people the freedom to go shopping, knowing what you can spend, without sending off reams of forms and pay slips, puts the consumer in control of their car purchase.
Carmoola offers additional consumer benefits; better value finance that cuts out the middleman, and flexible in-app financing, so you canincrease your payments, make overpayments, or completely pay off your loan without incurring any penalties or charges.
Founder Aidan Rushby (CEO) has extensive experience in fast-moving, scale-up businesses, having founded Movebubble. Co-founded by Amy McKechnie (Director of Product and Marketing), Rushby is also joined by Ukrainian co-founders, Roman Sumnikov, Chief Technology Officer and Igor Gordiichuk, ChiefInformation Officer.
Carmoola will be the only company to offer green incentives such as lower APRs on electric vehicles to encourage the uptake of clean-air cars, carbon footprint calculators, and to pass on savings from ESG debt funding to consumers - launching this Spring.
The consumer app was launched for the first time in March2022. Available on iOS and Android.
Total raised: $144.62M
Investors 2
Date | Name | Website |
- | QED Invest... | qedinvesto... |
22.05.2022 | VentureFri... | venturefri... |
Funding Rounds 2
Date | Series | Amount | Investors |
16.01.2024 | - | $19.58M | - |
25.02.2023 | Series A | $125.05M | - |
Mentions in press and media 16
Date | Title | Description | Source |
23.02.2024 | Two years since Russia’s invasion, Ukraine’s startups soldie... | This weekend marks exactly two years since Russia’s illegal, unprovoked and brutal invasion of Ukrai... | techcrunch... |
16.01.2024 | Carmoola Raises £15.5M in Equity Funding | Carmoola, a London, UK-based fintech company which specializes in direct-to-consumer car finance, ra... | finsmes.co... |
25.02.2023 | UK Fintech Carmoola Raises £103.5M to “Transform” How Consum... | UK car finance fintech Carmoola has raised a £8.5 million Series A round and £95 million debt facili... | crowdfundi... |
22.02.2023 | UK car finance fintech Carmoola secures £95m debt facility f... | UK-based car finance fintech Carmoola has secured a £95 million debt facility provided by NatWest al... | fintechfut... |
22.02.2023 | Car finance fintech Carmoola closes £8.5m Series A | UK car finance fintech Carmoola has raised £8.5 million in a Series A funding round and secured anot... | finextra.c... |
22.02.2023 | Carmoola Raises £103.5M in Series A and Debt Funding | Carmoola, a London, UK-based car finance fintech company, raised £103.5M in Series A and Debt fundin... | finsmes.co... |
22.02.2023 | Fintech Carmoola picks up £8.5m in Series A | Motor finance company Carmoola has picked up £8.5m in Series A funding in addition to a £95m debt fa... | uktech.new... |
22.02.2023 | Backed by Jaguar Land Rover, UK/Ukrainian co-founded Carmool... | London-based “neo car finance” startup Carmoola has raised £8.5 million in a Series A equity funding... | tech.eu/20... |
22.02.2023 | British-Ukrainian fintech Carmoola raises $125M in Series A ... | British-Ukrainian fintech Carmoola raises $125M in Series A round 22 February, 2023, 14:13 Lisa Pa... | ain.capita... |
22.02.2023 | Car financing fintech Carmoola just raised $125 million in a... | Carmoola's cofounders Igor Gordiichuk, Amy McKechnie, Aidan Rushby, Danny Armstrong (finance directo... | businessin... |
Show more