Innovative and eco-friendly car finance company has raised a pre-seed round of £320,000 thanks to contributions from top fintech angel investors.
April 14, 2021 / / —
Carmoola has recently raised a pre-seed round of investment from Londons leading angel investors. A total of £320,000 was raised, with some of the biggest investors in the fintech industry putting their names down. It was seen as a first step for the new startup that is committed to helping people access fair and cheaper car finance via a mobile app. The app itself is set to launch in summer 2021, and this new round of investment will help the launch the initial product.
A Simple & Innovative Approach To Car Finance
The concept behind Carmoola is a simple one. For years, car finance has been archaic and old fashioned. This makes it very inaccessible for a lot of younger people that need help buying a car. Instead, Carmoola offers a solution that's simple, flexible, and rewarding. The app is designed to help customers pay for a car in under three minutes. Not only that, but the customer can spread the cost of the car into multiple payments, offering a straightforward financial solution for eco-friendly cars. When the app is launched, users will apply and get a budget in the app then have access to a Carmoola card that they will use to pay for the car. Everything is sorted via the app, making car finance a very easy and swift process - where it has previously been the exact opposite.
Backed By Top Fintech Angel Investors
The fintech industry is always full of new and innovative products and solutions. Therefore, angel investors are constantly on the prowl to find the next big company to invest in. Carmoola has acquired the attention of some of the biggest names in the sector. The likes of Will Neale, Michael Pennington and Mark Ransford have all contributed to the pre-seed round. These angels have backed massive fintech companies in the past, like Revolut, Koyo Loans, Lendable and Credit Kudos. Having the support of experienced entrepreneurs and investors like this is a huge boost for the Carmoola founders. Aside from having an injection of money to invest back into the business, it gives them great faith that they've got a good product on their hands. If the top angels in the industry are interested, it means there must be something special about Carmoola.
About Carmoola
Carmoola is a brand new mobile app that helps people finance a car in minutes. It was founded by Aidan Rushby - previous founder of Movebubble - alongside Amy McKechnie, Roman Sumnikov, Igor Gordiichuk and Jasper Dykes. The app is set to launch in summer 2021, with early access sign-up available now. More information can be found on the website here: https://www.carmoola.co.uk/.
Press Contact Details:
Aidan Rushby
33 Cannon Street, London, EC4M 5SB
0203 7733 901
aidan@carmoola.co.uk
Contact Info:
Name: Aidan Rushby
Email: Send Email
Organization: Carmoola
Address: 33 Cannon Street, London, EC4M 5SB
Phone: 0203 7733 901
Website: https://www.carmoola.co.uk/
Source:
Release ID: 89005272
