Carmoola raises £8.5m Series A funding led by QED Investors to scale operations
The Series A round was led by QED Investors with participation from VentureFriends and InMotion Ventures.
Carmoola is a British fintech operating a direct-to-consumer platform that streamlines car finance for retail buyers. The firm provides flexible credit options and digital tools designed to simplify vehicle purchasing.
UK car finance fintech Carmoola has secured an £8.5m Series A round alongside a £95m debt facility to scale its operations and meet growing consumer demand. The funding round was led by QED Investors, with participation from existing backers VentureFriends and InMotion Ventures. Natwest also provided the debt facility.
Launched ten months prior to the announcement, the company offers a streamlined digital platform designed to simplify vehicle financing through virtual cards and automated history checks. The freshly secured capital will be deployed to expand the team and support customer adoption as the business targets rapid growth in the used car finance market.
From the founder
"Used-car finance couldn’t be more ready for a fintech revolution. Consumers want the freedom to go shopping anywhere, knowing what they can spend, without sending off reams of forms and payslips."
Aidan Rushby
CEO at Carmoola
Investor perspective
"Having not adapted to modern expectations for the consumer, the car finance industry has been caught off guard by the new neo-car finance brand Carmoola, who champion the consumer at every part of the process. Carmoola is on track to dominate the car finance sector with a game-changing approach to purchasing."
Yusuf Özdalga
Partner and Head of Europe, QED Investors
Use of funds
- 01Grow the team
- 02Scale operations
Investors
Categories
About the company
Carmoola
Carmoola simplifies vehicle purchasing through a direct-to-consumer car finance platform.