TLDR: London-based car finance fintech Carmoola has raised £15.5m in equity funding from QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures. 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.
Carmoola speeds ahead, securing £15.5m in equity funding – FinTech Futures
by 
PriyaPatel
PriyaPatel Latest from Blog
Law must adapt to fintech and digitisation trends for progress
TLDR The rapid digitalisation of finance highlights the need for a cohesive regulatory framework that adapts to technological changes. Experts at an
US goes after Russian fintech for Ukraine sanctions.
TLDR: US Treasury imposes sanctions on Russian fintech operators for aiding in sanctions evasion. Thirteen entities and two individuals were designated for
Fintech’s magic: Click a button, watch wealth grow invisibly
TLDR: Key Points: Fintech is revolutionizing the finance industry by offering access and control over financial transactions. The ease of digital transactions
Latin America’s Banking as a Service Market reaches $2B by 2024.
TLDR: Latin America’s Banking as a Service market is projected to reach $2 billion in 2024. The growth is driven by the
British Business Bank launches £660m Northern Powerhouse Investment Fund II.
TLDR: British Business Bank has launched the second edition of the Northern Powerhouse Investment Fund (NPIF II) with a total of £660