Founded in 2006 and certified as a B Corporation, Zuto operates an online platform that helps UK consumers find the right car-finance products with a focus on trust and transparency. The company has already assisted more than 450,000 customers and is regarded as the country’s leading car-finance fintech. In its last financial year ending June 25, Zuto generated £75 million in revenue and £12.5 million in EBITDA, highlighting a profitable and scalable business model. The momentum continued into the new fiscal year with first-quarter revenues growing over 30% year-over-year. Zuto targets a £30 billion UK car-finance market and combines proprietary technology with a customer-first approach to simplify the finance experience. The fresh investment will accelerate development of its technology platform and broaden its product range. Management believes rising consumer preference for researching finance options online will further fuel growth.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2014