Carmoola provides a ‘finance-first’ platform that lets car buyers arrange financing before visiting a dealership, removing the need for broker or forecourt intermediaries. The company positions its service as simple, transparent and affordable, empowering consumers with greater control over the car-buying process. Its direct-to-consumer model has resonated strongly, with customer numbers reportedly doubling year-on-year. By focusing on technology-led lending, Carmoola aims to deliver faster approvals and better pricing compared with traditional lenders. The fintech has now secured more than £540 million in total funding, reinforcing its capacity to scale. Leadership highlights that the enlarged capital base will support rapid deployment of loans while maintaining an industry-leading customer experience. The new funding also triples the firm’s prior debt capacity, underscoring accelerating demand for its product.

Total raised

$716M

Funding rounds

6

Latest round

Debt Financing

Latest activity

Jun 2025