3 years ago

Motoring Fintech Carmoola Secures £27 Million Seed Funding to Revolutionize Car Finance

  • London-based motoring fintech Carmoola has secured £27 million in a seed funding round led by Jaguar Land Rover's investment fund, with participation from VentureFriends, BCI, and Clocktower Ventures

  • The company plans to utilize the funds to further develop its product, an app that simplifies car financing, and expand its market presence

  • Carmoola aims to revolutionize the car finance sector by offering a seamless digital experience, similar to the advancements witnessed in the broader fintech industry.

      • ProblemFinancial Services

      "Buying a car is often a lengthy, stressful and expensive process, with outdated financing options."

      Solution

      "Carmoola is a motoring fintech app that allows users to quickly secure a car loan and manage their financing seamlessly through a virtual card, simplifying the car buying process."

      Covered on