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HomeFunding London-based Fintech Company Carmoola Secures 15.5M in Equity Funding

[Funding alert] London-based Fintech Company Carmoola Secures 15.5M in Equity Funding

London-based fintech company Carmoola secures 15.5M in equity funding. Leading the round were QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures, bringing the total to £146M.

London-based fintech company Carmoola secures 15.5M in equity funding. Leading the round were QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures, bringing the total to £146M.

With the funding, the company wants to broaden its customer base and further penetrate the £100 billion used car loan sector in the UK.

Read also – Slovakia-based Internet Safety Startup Elv.ai Secures €500,000 Funding

Carmoola, led by CEO Aidan Rushby, offers an auto finance app that aims to simplify the complicated auto loan market by enabling consumers to get an estimate for a car, perform free background checks, swiftly confirm their identification, and make payments online.

About Carmoola

An innovative method that can pay for your next car in minutes! Use the Carmoola app to manage your auto loans. No hidden costs or broker commissions. Get the wheels you’ve been waiting for. Choose a plan that works for you to spread the expense of your ride and manage your finances.

Read also – Oslo-based proptech Startup Plaace Raises €885k in Funding

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