Over 7 million Compare The Market customers can now access Carmoola

Carmoola, the leading fintech car financing app, today announced a partnership with Compare The Market. Compare The Market customers will now be able to access the easiest way to finance a car in minutes 🚘 

This partnership means that over 7 million customers will now have direct access to a totally new way to purchase and pay for a car with Carmoola. When customers are accepted, following a search on their car finance section, they will now be empowered to buy their dream car with Carmoola in as little as 8 minutes 🫢 🚘

Aidan Rushby, CEO at Carmoola said, “Research has consistently shown that customers want to see if they can get pre-approved for their finance deal before going to a dealership. By partnering with market-leading comparison websites such as CompareTheMarket, we can ensure that as many people as possible instantly see their pre-approved Carmoola credit limit and can take control of what is one of the largest financial decisions of their lives. 

We’ve achieved 500 reviews on Trust Pilot  with a 4.9* rating  with 100,000s of applications since our launch in March and we’re looking forward to welcoming more happy customers with this partnership.” 🕺

Kas Lewis, Head of Commercial at Carmoola added: “We’ve built an incredible product for customers at Carmoola, so naturally there has been a lot of interest from great businesses interested in discussing partnership opportunities. We’re thrilled to announce our partnership with Compare The Market to give millions of customers access to our flexible and affordable rates.  We’re really looking forward to continuing to deepen this relationship, as well as exploring new opportunities to enable more customers to buy their dream car via new partners.”

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. 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.

Founder Aidan Rushby (CEO) has extensive experience in fast-moving, scale-up businesses, having founded Movebubble.

Co-founded by Amy McKechnie (Director of Product and Marketing), Rushby is also joined by Ukrainian co-founders, Roman Sumnikov, Chief Technology Officer and Igor Gordiichuk, Chief Information Officer.

Carmoola is the new way to pay for a car in just three easy steps.

Carmoola offers additional consumer benefits; better value finance that cuts out the middleman, and flexible in-app financing, so you can increase your payments and make overpayment. Or you can even completely pay off your loan without incurring any penalties or charges, save the industry standard one month's interest for the period of notice. 

Carmoola is the only company to be in the process of offering green incentives such as lower APRs on electric vehicles to encourage the uptake of clean-air cars, carbon footprint calculators, and to pass on savings from ESG debt funding to consumers - this will be launched soon 🌳

The company was registered in November 2020 and launched in March 2021. The consumer app was launched for the first time in March 2022. Available on iOS and Android 🌟

Learn more about how Carmoola works

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