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
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- Legal Name Carmoola Limited
- Date of Incorporation 03 Nov, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
People of Carmoola
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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.
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.
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Venture capital fund investing in early-stage start-ups
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Investments are made in proptech, fintech, SaaS, and multiple sectors.
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Venture capital and startup studio firm focused on transportation tech companies
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Investor details for Carmoola
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Investments & Acquisitions by Carmoola
Investment portfolio details for Carmoola
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Financial Statements - Carmoola
Detailed financials for Carmoola
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Carmoola Comparisons
Peer comparison for Carmoola
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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.
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Automotive finance for used car purchases is offered online.
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Tailor-made auto finance options are provided online for car buyers.
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Direct automobile loans are offered in the UK by Moneybarn.
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Car loans and leasing are facilitated through an online platform.
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Car finance options are aggregated and compared for user selections.
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Detailed competitors of Carmoola
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Latest news on Carmoola
Complete news archive for Carmoola
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Frequently Asked Questions about Carmoola
Carmoola was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Carmoola is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Aidan Rushby is the current CEO of Carmoola. They have also founded this company.
Carmoola is a funded company, having raised a total of $65.3M across 6 funding rounds to date.
As of Nov 30, 2022, the latest employee count at Carmoola is 8.
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.
Carmoola's top competitors include Oodle Car Finance, Zuto and CarMoney.
Carmoola offers Hire Purchase, Personal Contract Purchase, Refinance, Car Finance Calculator, and Eligibility Checker.
Carmoola has 12 investors. Key investors include NatWest, Jaguar Land Rover, Chenavari, QED Investors, and Venture Friends.