Moneyshake operates an online vehicle leasing and comparison site that connects consumers to lease deals and PCP financing via partner finance businesses. The company is partnered with ClearScore and Money Supermarket and competes with firms such as Cinch and Carmoola. Moneyshake reported a record month in March for broker and dealer conversion, and it plans to use new funding to expand commercial activity. The capital will be used to open a new office in Chester, launch a commercial leasing service, acquire new customers, and improve customer experience and product. Moneyshake was founded in 2019 and is based in Newcastle-under-Lyme, Staffordshire. Prior to this round the company had raised £490,000. Moneyshake operates a specialist price-comparison website that helps users find and compare car lease deals from the UK’s leading providers. Led by CEO Eben Lovatt, the platform enables people to find the best car lease deals quickly by aggregating prices. The company raised a £500K equity investment to fund expansion in the online car leasing market. The investment was made by the Development Bank of Wales and serial entrepreneur Tim Scholes. Moneyshake is a four-person team and plans to expand significantly over the next 12 months, creating senior technology, marketing, and management jobs in Wales. The company intends to deploy the funds to grow its market presence and scale operations.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2022