About Carmoola
Carmoola is a company based in London (United Kingdom) founded in 2021 by Roman Sumnikov, Igor Gordiichuk, Amy Mckechnie, and Aidan Rushby.. Carmoola has raised $65.3 million across 6 funding rounds from investors including NatWest, Jaguar Land Rover and Chenavari. The company has 8 employees as of November 30, 2022. Carmoola offers products and services including Hire Purchase, Personal Contract Purchase, Refinance, Car Finance Calculator, and Eligibility Checker. Carmoola operates in a competitive market with competitors including Oodle Car Finance, Zuto, Moneybarn, CarMoney and FinanceAcar, among others.
- Headquarter London, United Kingdom
- Employees 8 as on 30 Nov, 2022
- Founders Roman Sumnikov, Igor Gordiichuk, Amy Mckechnie, Aidan Rushby
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carmoola Limited
- Date of Incorporation 03 Nov, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65.3 M (USD)
in 6 rounds
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Latest Funding Round
$407.89 M (USD), Debt – Conventional
Jun 25, 2025
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Investors
NatWest
& 11 more
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Employee Count
8
as on Nov 30, 2022
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Products & Services of Carmoola
Carmoola offers a comprehensive portfolio of products and services, including Hire Purchase, Personal Contract Purchase, Refinance, Car Finance Calculator, and Eligibility Checker. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Allows spreading car cost over time to own outright.
Flexible agreement to return, own, or trade the vehicle.
Process to switch lenders and pay off existing loans.
Estimates interest and monthly payments for loans.
Assesses loan eligibility without credit impact.
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Funding Insights of Carmoola
Carmoola has successfully raised a total of $65.3M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $407.89 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $407.9M
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First Round
First Round
(08 Apr 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Debt – Conventional - Carmoola | Valuation |
investors |
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| Sep, 2024 | Amount | Debt – Conventional - Carmoola | Valuation |
investors |
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| Jan, 2024 | Amount | Series B - Carmoola | Valuation | AlleyCorp , u.ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carmoola
Carmoola has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include NatWest, Jaguar Land Rover and Chenavari. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Investments are made in proptech, fintech, SaaS, and multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital and startup studio firm focused on transportation tech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carmoola
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carmoola
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carmoola Comparisons
Competitors of Carmoola
Carmoola operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Oodle Car Finance, Zuto, Moneybarn, CarMoney and FinanceAcar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automotive finance for used car purchases is offered online.
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| domain | founded_year | HQ Location |
Tailor-made auto finance options are provided online for car buyers.
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| domain | founded_year | HQ Location |
Direct automobile loans are offered in the UK by Moneybarn.
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| domain | founded_year | HQ Location |
Car loans and leasing are facilitated through an online platform.
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| domain | founded_year | HQ Location |
Car finance options are aggregated and compared for user selections.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carmoola
Frequently Asked Questions about Carmoola
When was Carmoola founded?
Carmoola was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Carmoola located?
Carmoola is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Carmoola?
Aidan Rushby is the current CEO of Carmoola. They have also founded this company.
Is Carmoola a funded company?
Carmoola is a funded company, having raised a total of $65.3M across 6 funding rounds to date. The company's 1st funding round was a Series B of $19.74M, raised on Apr 08, 2022.
How many employees does Carmoola have?
As of Nov 30, 2022, the latest employee count at Carmoola is 8.
What does Carmoola do?
Carmoola was founded in 2021 in London, United Kingdom. An app-based marketplace for used car loans is operated, targeting the fintech and automotive sectors. Users are connected to car dealerships or digital platforms for vehicle purchases with integrated finance options. Payment plans are customized based on user needs via the iOS application. Operations remain focused on the UK market, streamlining access to automotive financing.
Who are the top competitors of Carmoola?
Carmoola's top competitors include Oodle Car Finance, Zuto and CarMoney.
What products or services does Carmoola offer?
Carmoola offers Hire Purchase, Personal Contract Purchase, Refinance, Car Finance Calculator, and Eligibility Checker.
Who are Carmoola's investors?
Carmoola has 12 investors. Key investors include NatWest, Jaguar Land Rover, Chenavari, QED Investors, and Venture Friends.
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