Carmoola, a London, UK-based fintech company which specializes in direct-to-consumer car finance, raised 15.5M in Equity funding.
The round, which brought the total amount to £146M, was led by QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures.
The company intends to use the funds to reach more car buyers, to make further inroads into the UK’s £100 Billion used car finance market.
Led by CEO Aidan Rushby, Carmoola provides a car finance app that aims to facilitate the complex car finance market by giving buyers the chance to get a budget for a car, run free history checks, verify the identity quickly, and pay for the car online.
The company launched its app in March 2022.
FinSMEs
16/01/2024