No more wasted time hunting down the perfect car, only to find you can’t afford it, Carmoola gives users an immediate pre-approved budget and virtual card for instant purchasing. All in three easy steps. Giving people the freedom to go shopping, knowing what you can spend, without sending off reams of forms and pay slips, puts the consumer in control of their car purchase.
Carmoola offers additional consumer benefits; better value finance that cuts out the middleman, and flexible in-app financing, so you canincrease your payments, make overpayments, or completely pay off your loan without incurring any penalties or charges.
Founder Aidan Rushby (CEO) has extensive experience in fast-moving, scale-up businesses, having founded Movebubble. Co-founded by Amy McKechnie (Director of Product and Marketing), Rushby is also joined by Ukrainian co-founders, Roman Sumnikov, Chief Technology Officer and Igor Gordiichuk, ChiefInformation Officer.
Carmoola will be the only company to offer green incentives such as lower APRs on electric vehicles to encourage the uptake of clean-air cars, carbon footprint calculators, and to pass on savings from ESG debt funding to consumers - launching this Spring.
The consumer app was launched for the first time in March2022. Available on iOS and Android.
Carmoola offers additional consumer benefits; better value finance that cuts out the middleman, and flexible in-app financing, so you canincrease your payments, make overpayments, or completely pay off your loan without incurring any penalties or charges.
Founder Aidan Rushby (CEO) has extensive experience in fast-moving, scale-up businesses, having founded Movebubble. Co-founded by Amy McKechnie (Director of Product and Marketing), Rushby is also joined by Ukrainian co-founders, Roman Sumnikov, Chief Technology Officer and Igor Gordiichuk, ChiefInformation Officer.
Carmoola will be the only company to offer green incentives such as lower APRs on electric vehicles to encourage the uptake of clean-air cars, carbon footprint calculators, and to pass on savings from ESG debt funding to consumers - launching this Spring.
The consumer app was launched for the first time in March2022. Available on iOS and Android.
Total raised: $690.05M
Investors 2
| Date | Name | Website |
| 27.02.2023 | QED Invest... | qedinvesto... |
| 22.05.2022 | VentureFri... | venturefri... |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 27.06.2025 | - | $411.46M | - |
| 30.09.2024 | - | $133.96M | - |
| 16.01.2024 | - | $19.58M | - |
| 25.02.2023 | Series A | $125.05M | - |
Mentions in press and media 34
| Date | Title | Description |
| 27.08.2026 | Women’s Equality Day 2026: Female Founders On Closing The Gender Gap In Startup Funding | “Closing the funding gap matters. But creating more women who know they can build with or without VC would be even more powerful.” – Nikita Khandheria, Founder and CEO at ERIA Every year on 26 August, the United States marks Women’s Equalit... |
| 24.08.2026 | Startup of the Week: Carmoola | Carmoola is a UK fintech helping people secure car finance before they start shopping for a car. Customers can set a budget, get approved in minutes, and buy a car directly from their phone. Proprietary technology, machine learning and AI h... |
| 23.04.2026 | Fintech: 10 companies that raised the most in 2025 | The 2025 fintech funding landscape in Europe reflects a highly active yet concentrated market, shaped by a mix of venture capital, growth equity, and large-scale debt financing. Geographically, the UK clearly dominates. With over €6.1 billi... |
| 06.02.2026 | From big rounds to broad momentum: the UK tech ecosystem | In 2025, the UK led European tech investment by a wide margin, raising €21.5 billion across 830 deals and topping investment volumes in every quarter of the year. Funding was driven by a small number of very large transactions alongside a b... |
| 02.10.2025 | HP Car Finance Vs PCP: Which Works Best For UK Drivers | Share Share Share Share Email Buying a car on finance has become one of the most practical ways for UK drivers to get behind the wheel. With choices like Hire Purchase (HP) and Personal Contract Purchase (PCP), you’re no longer limited to o... |
| 04.09.2025 | Europe's 10 biggest fintech deals in H1 2025 | Europe’s fintech market attracted strong capital inflows in H1 2025, reaching €5.2 billion. The UK stood out as the clear magnet for investors, securing €2.5 billion (48 per cent of the total) and leading both in deal count (74 deals, 34 pe... |
| 04.07.2025 | June 2025's top 10 European tech deals you need to know about | In June, European tech companies raised a total of €6.5 billion across 323 deals, an 18 per cent increase from May’s €5.5 billion and 341 deals. The UK continued to lead the charge, raising €1.8 billion in June, up from €1.4 billion in May.... |
| 27.06.2025 | Carmoola secures £300M to expand car financing, Project A closes €325M Fund V, and scaling SaaS in the age of AI | This week, we tracked more than 70 tech funding deals worth over €1.1 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe. In addition to this week's top financials, we've also indexed the most ... |
| 25.06.2025 | Driverless taxis will make black cabs extinct – and that’s no bad thing | The imminent advent of ‘robo taxis’ may well be the final nail in the coffin of the London cab trade, suggests James Ford By all accounts, a London cabbie’s lot is not a happy one. You may get to drive around the capital in one of the great... |
| 24.06.2025 | The Fintech Surge: How Partnerships are Reshaping Car Finance and Banking for the Over-50s | In the fast-paced world of finance, partnerships are the lifeblood of innovation. Two recent developments in the UK highlight this trend: Carmoola's £300 million funding boost and Saga's impending banking partnership with NatWest. Both stor... |
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