UK

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

Jan 16, 2024 | By Startup Rise EU

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.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Pisa-based Regtech Startup Aptus.AI Secures €3 Million Pre-Series A Funding
Startup Rise EU
Nov 24, 2023
recomd
UK
[Funding alert] Sano Genetics Secures $11.4 Million in Funding
Startup Rise EU
Jan 23, 2024
recomd
Funding
[Funding alert] Lisbon-based Powerdot Secures €100 Million in Funding
Startup Rise EU
Feb 29, 2024

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

Recommended Stories for You

story
Funding

Silana funding news -Robotics Startup Silana Secures €1.5 Million in Funding

Startup Rise EU May 22, 2024

story
Germany

[Funding alert] Berlin-based Cozero Secures €6.5 Million in Series A Round Funding

Startup Rise EU Apr 18, 2024

story
Funding

[Funding alert] Munich-based Retorio Raises €9 Million Series A Round Funding

Startup Rise EU Nov 15, 2023

story
Recent Articles

Accenture Acquires Creative Change Management Consultancy, The Storytellers

Startup Rise EU Oct 14, 2023

story
Estonia

[Funding alert] Estonian logistics Platform MyDello Raises €1.25 Million in Seed Funding

Startup Rise EU Oct 10, 2023

story
Funding

PIXEVIA funding news – Retailtech Startup PIXEVIA Secures €1.5 Million in Funding

Startup Rise EU May 20, 2024