12 Million Experian Customers Can Now Access Carmoola
Over 12 million Experian customers will now have direct access to Carmoola’s flexible and affordable rates when searching for the best car finance deal. Customers will instantly see their personalised pre-approved offer, enabling them to check out seamlessly on their dream used car in 3 simple steps using a virtual card, from online retailers such as Cazoo and Cinch or at any car dealership.
Aidan Rushby, CEO at Carmoola said, “We’re delighted to be giving more than 12 million Experian customers access to a totally new way to buy a car or refinance their existing car loan in as little as 8 minutes.
The current car finance process is not enjoyable and is broken. At Carmoola, we want to show that it is possible to get a great offer without clunky application processes, confusing jargon and excessive paperwork. The reaction from customers has been incredible, with 100,000s of customers making an application and incredible TrustPilot reviews since our launch in March.”
Kas Lewis, Head of Commercial at Carmoola added: “The cost of living crisis is hitting customers hard, making it even more important that they make the right choice on their car finance deal. Partnering with platforms such as Experian mean even more customers can drive easy, knowing they’ve taken control of their car finance. Following a successful launch in March, we’ve slowly introduced a small selective group of partners and we are delighted to welcome Experian in joining us on our journey to revolutionise how people pay for cars.”
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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, make overpayments, or completely pay off your loan without incurring any penalties or charges.
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.
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