Carmoola speeds ahead, securing £15.5m in equity funding – FinTech Futures

January 16, 2024
1 min read

TLDR: London-based car finance fintech Carmoola has raised £15.5m in equity funding from QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and The company previously secured a £95m debt facility from NatWest and an £8.5m Series A round. Carmoola’s platform provides buyers with a budget, generates a free history check on their selected car, and allows payment to be made online or in the showroom using a virtual card. The new funding will be used to expand the company’s offering to more car buyers and achieve profitability.

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