Carmoola funding news – UK-based Carmoola Completes £100M Debt Deal with NatWest

By giving customers an easy, quick, and fair option to obtain auto financing without going via a middleman, this cooperation will help Carmoola quickly achieve its aim of revolutionizing the auto finance sector.

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Aidan Rushby, founder and CEO of Carmoola, said: "Through this new deal with NatWest, we're again showing our commitment to putting customers first, at a time when our hassle-free and user-friendly approach is needed more than ever. We’ve been working on this partnership for some time, and I am so excited that we can now provide our customers with even more amazing rates. This partnership not only enhances our ability to offer dealership-beating rates, but also underscores a shift in the industry. The future of car financing is direct-to-consumer, and we are at the forefront of this change. Our goal is to make car financing as straightforward, transparent, and cost-effective as possible, and this deal will help us do that for even more car buyers."

Carmoola uses a direct-to-consumer strategy in contrast to traditional auto finance, which frequently entails large commissions and hidden fees. Market regulations are changing significantly, and Carmoola is taking advantage of these changes to streamline the entire process from loan application to vehicle inspections and purchase completion. This eliminates the additional expenses, paperwork, and uncertainty that are usually related to auto financing.

George Ross, managing director and head of speciality finance at NatWest, said: “We’re proud to partner with Carmoola, who are doing great things in the car finance industry and driving innovation in the sector. This £100 million deal is a vote of confidence in Carmoola and a commitment to the financial wellbeing of car buyers across the UK.”

About Carmoola

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 3 easy steps. Giving people the freedom to go shopping, knowing what you can spend, without sending off reams of forms and payslips, puts the consumer in control of their car purchase.