Carmoola, a UK fintech that specialises in direct-to-consumer car finance.
In brief:
- The £15.5 mn equity investment follows an £8.5 mn Series A round and a £95 mn debt facility, which were secured in February 2023.
- Founded in 2021 by Aidan Rushby, Amy McKechnie, and Ukrainian co-founders, Roman Sumnikov and Igor Gordiichuk — Carmoola launched its app in March 2022, aiming to transform the car finance market.
- The investment reflects growing confidence in the UK used-car market and Carmoola’s innovative approach to helping people buy their dream car.
What does that mean?
Rushby, Carmoola's CEO, said “We prioritise diversity of thought and experience and are focused on building a small but mighty team of world-class talent. We have team members from various backgrounds – finance, technology, analytics, marketing – all working together to create a customer-first and inclusive car finance experience for everyone.”
