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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, VentureFriends, Clocktower Ventures, InMotion Ventures (part of Jaguar Land Rover), AlleyCorp,, Natwest and BCI.


March 2021
Carmoola was founded


February 2023
£103.5m Series A funding

Vector Green

January 2024
£15.5m investment raised

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