Series A · Fintech · London, United Kingdom · Founded 2021 · 51–200 employees
Carmoola is a British fintech revolutionizing car finance through its mobile app that provides instant car financing decisions in 60 seconds using AI and open banking data. The company has processed over 2 million loan applications and lent over £50 million since launch in 2022. Founded by former Movebubble executives including British and Ukrainian founders, Carmoola offers a virtual Mastercard for instant car purchases and has raised over £540 million in total funding. The company stands out by cutting out broker fees, offering green incentives for electric vehicles, and providing flexible repayment terms through their fully digital platform.