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Carmoola inks financing

Carmoola, a UK-based motoring fintech firm has raised 27 million pounds in funding.

Carmoola, a UK-based motoring fintech firm has raised 27 million pounds in funding. The investors include Jaguar Land Rover’s investment fund, InMotion Ventures, VentureFriends, BCI and Clocktower Ventures.

PRESS RELEASE

April 2022, LONDON: Turning car finance on its head putting consumers in the driving seat, Carmoola [carmoola.co.uk], a newly launched motoring fintech has raised £27M in investment from Jaguar Land Rover’s investment fund, InMotion Ventures, VentureFriends, BCI and California-based Clocktower Ventures.

The seed round also included a host of high profile angels that have backed companies such as Revolut, Marshmallow, Clearscore and Monzo, including the former MD of Google (UK and Ireland), Dan Cobley.

Founded by British, Ukrainian and former Movebubble and Zoopla executives: Aidan Rushby, Amy McKechnie, Roman Sumnikov, and Igor Gordiichuk; Carmoola empowers consumers with a budget and finance decision in sixty seconds, giving them the freedom to buy a vehicle instantly with a virtual card online at places like Cazoo or at a car dealership.