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The Carmoola Story

Despite the Fintech revolution, the car finance sector remains completely archaic. This £500B market is one of the largest consumer markets in Europe, but customer satisfaction is very low across the industry.

Carmoola delivers a game changing experience where consumers can get:

  • A budget in 60 seconds and finance a used car in minutes utilising open banking, credit and vehicle data
  • Pay for the car online with a virtual card, or at any dealership with Apple/Google Pay
  • Save money with better value finance and get a discount for going green
  • Get flexibility to manage your plan in-app

Carmoola is backed by some great Fintech investors including: QED Investors, Venture Friends, Clocktower Ventures, InMotion Ventures (Part of Jaguar Land Rover), TrueSight Ventures, Natwest and BCI.


March 2021
Carmoola was founded

Vector Green

March 2022
Launched Carmoola on iOS and Android


February 2023
£103.5m Series A funding

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