CCarmoola provides a digital platform for UK car financing that lets customers apply for a car loan quickly, with approvals in under 10 minutes and a 60-second borrowing estimate, using a paperless application and offering online or showroom payments. The process runs end-to-end online: apply with a driving license, receive a fast decision, and complete payments online or at the showroom, with an early settlement quote showing potential savings. It differentiates itself with a fully digital, paperless experience, near-instant borrowing estimates, and a built-in savings quote to compare costs. Its goal is to simplify and speed up UK car finance by using technology to deliver fast decisions, easy payments, and clear cost comparisons with competitive rates.
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Industries
Company Size
51-200
Company Stage
N/A
Total Funding
$727M
Headquarters
London, United Kingdom
Founded
2021
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Total Funding
$727M
Above
Industry Average
Funded Over
8 Rounds
Carmoola appoints Angus Reid as head of partnerships.
Carmoola, a British-Ukrainian car finance fintech, has secured a £300 million debt facility backed by NatWest Group and Chenavari Investment Managers. This brings its total funding to over £540 million. The new facility will expand Carmoola's lending capacity, reduce costs, and accelerate growth, allowing it to reach more UK car buyers. Founder and CEO Aidan Rushby highlights the transformative impact, tripling their previous debt capacity.
Car finance FinTech Carmoola secures £300m.
Carmoola, which has raised over £246 million in funding from backers such as NatWest, QED Investors, and Jaguar Land Rover's InMotion Ventures, has developed a fully automated, direct-to-consumer car finance platform and Kellett's expertise will play a critical role in leveraging proprietary technology and data to deliver an even more seamless and transparent experience for customers.
European startups secured significant funding from September 30 to October 3, 2024. Kurma Partners raised €140 million in the first close of their €250 million Biofund IV. Carmoola made a £100 million debt deal with NatWest. Dexory secured $80 million in Series B funding. Submer received $55.5 million, HungryPanda $55 million, Pluq €50 million, and Ovoko €20 million in Series B funding.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
51-200
Company Stage
N/A
Total Funding
$727M
Headquarters
London, United Kingdom
Founded
2021
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Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs