Zuto secures £7m Series C funding from Scottish Equity Partners and Columbia Lake Partners to drive expansion
The funding round was backed by Scottish Equity Partners and Columbia Lake Partners to support technology and team growth.
Zuto operates a car finance marketplace with offices in Manchester and Macclesfield, employing more than 300 staff. The company focuses on bringing transparency and simplicity to the car finance sector.
Manchester car finance marketplace Zuto has raised £7m in a Series C funding round to support its ongoing expansion. The investment was backed by existing backer Scottish Equity Partners alongside technology investment specialist Columbia Lake Partners.
The capital will be directed towards further investments in technology, enhancing customer experience, and expanding headcount across the company's offices in Manchester and Macclesfield. Alongside the funding announcement, the business appointed Chris Slater, co-founder and former COO of Simply Business, to its board.
Chief executive James Wilkinson noted that the round underscores the firm's ambitions to improve trust and transparency within the UK car finance market.
From the founder
"Our ambition is as big as ever and this latest funding round absolutely signifies this. Our future focus remains on bringing simplicity, trust and transparency to our customers and the UK car finance market."
James Wilkinson
CEO at Zuto
Use of funds
- 01Continue product development
- 02Grow the team
Investors
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About the company
