Carmoola - About the company
Carmoola is a series B company based in London (United Kingdom), founded in 2021 by Aidan Rushby, Roman Sumnikov, Amy Mckechnie and Igor Gordiichuk. It operates as an App-based marketplace for used car loans. Carmoola has raised $186M in funding from investors like QED Investors, AlleyCorp and u.ventures. The company has 54 active competitors, including 5 funded and 6 that have exited. Its top competitors include companies like Oodle Car Finance, Zuto and MotorEasy.
Company Details
App-based marketplace for used car loans. It provides users with a platform that directs users to a car dealership or digital car marketplaces to buy a new car with finance and provides a suitable finance payment plan. The application is available for iOS devices.
- Website
- www.carmoola.co.uk/
- Email ID
- *****@carmoola.co.uk
- Phone Number
- +44 **********
Key Metrics
Founded Year
2021
Location
London, United Kingdom
Stage
Series B
Total Funding
$186M in 6 rounds
Latest Funding Round
Investors
Ranked
1st among 54 active competitors
Employee Count
69 as on May 31, 2026
Similar Companies
Legal entities associated with Carmoola
Carmoola is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CARMOOLA GROUP LIMITED CIN: 13011635 , United Kingdom, Active | - | 4 (As on Nov 30, 2022) | ||
CARMOOLA LIMITED CIN: 12992987 , United Kingdom, Active | Nov 02, 2020 | - | - |
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Carmoola's funding and investors
Carmoola has raised a total funding of $186M over 6 rounds. Its first funding round was on Apr 08, 2022. Its latest funding round was a Conventional Debt round on Jun 25, 2025 for $*****. 2 investors participated in its latest round. Carmoola has 11 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Carmoola:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 25, 2025 | 7668182 | Conventional Debt | 5069394 | 7548165 | 9871118 | 6193896 |
Sep 30, 2024 | 1357779 | Conventional Debt | 2870849 | 6724908 | 2356271 | |
Jan 16, 2024 | 3680664 | Series B | 2311953 | 5508461 |
View details of Carmoola's funding rounds and investors
Carmoola's founders and board of directors
Founder? Claim ProfileThe founders of Carmoola are Aidan Rushby, Roman Sumnikov, Amy Mckechnie and Igor Gordiichuk. Aidan Rushby is the CEO of Carmoola.
Here are the details of Carmoola's key team members:
- Aidan Rushby: Co-Founder & CEO of Carmoola and founder of 1 other company. Contact Info: 2 email addresses
- Roman Sumnikov: Co-Founder of Carmoola. Contact Info: 1 email address
- Amy Mckechnie: Co-Founder of Carmoola. Contact Info: 1 email address
- Igor Gordiichuk: Co-Founder and Chief Technology Officer of Carmoola.
View details of Carmoola's Founder profiles and Board Members
Carmoola's employee count trend
Carmoola has 69 employees as of May 26. Here is Carmoola's employee count trend over the years:
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Carmoola's Competitors and alternates
Top competitors of Carmoola include Oodle Car Finance, Zuto and MotorEasy. Here is the list of Top 10 competitors of Carmoola, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Carmoola 2021, London (United Kingdom), Series B | App-based marketplace for used car loans | $186M | 71/100 | |
2nd | Oodle Car Finance 2015, Oxford (United Kingdom), Series B | Provider of online platform for car finance application and approval | $74.9M | 70/100 | |
3rd | Zuto 2006, Macclesfield (United Kingdom), Acquired | Online platform offering tools for car financing and vehicle purchasing support | $21.6M | 59/100 | |
4th | MotorEasy 2016, Reading (United Kingdom), Unfunded | Provider of vehicle protection, maintenance, and repair services | - | - | 40/100 |
5th | CarMoney 2014, Glasgow (United Kingdom), Funding Raised | Online car loan & car leasing platform | - | 42/100 | |
6th | Superbike Loans 2013, Macclesfield (United Kingdom), Funding Raised | Platform to avail motorcycle loans | - | - | 41/100 |
7th | AutoMoney Motor Finance 2019, Redditch (United Kingdom), Series A | Online platform for auto loans | $34.1M | - | 39/100 |
8th | FinanceAcar 2009, London (United Kingdom), Series A | Car finance aggregation and comparison portal | - | 38/100 | |
9th | What Credit 2009, Maidstone (United Kingdom), Funding Raised | Platform for new and used auto loans | - | - | 33/100 |
10th | Moneybarn 1992, Portsmouth (United Kingdom), Acquired | Direct lender of automobile loans | - | 33/100 |
Looking for more details on Carmoola's competitors? Click here to see the top ones
Carmoola's Investments and acquisitions
Carmoola has made no investments or acquisitions yet.
Reports related to Carmoola
Here is the latest report on Carmoola's sector:
News related to Carmoola
Media has covered Carmoola for a total of 2 events in the last 1 year, 1 of them has been about people movement.
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UK fintech Raylo bags £110m debt financing facilityFinTech Futures•Mar 19, 2026•Raylo, Quilam Capital, NatWest, Carmoola and 3 others
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Carmoola secures £300m in partnership with NatWest and Chenavari Investment Managers to back UK car finance growthAutomotive Management•Jun 24, 2025•Carmoola, NatWest, Chenavari
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Carmoola shifts into high gear with £300M to disrupt UK car finance in 2025Tech Funding News•Jun 24, 2025•Carmoola, NatWest, Chenavari
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Carmoola accelerates car finance revolution with £100M NatWest dealTech Funding News•Sep 30, 2024•Carmoola, NatWest Group, NatWest, Hike and 1 other
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Fast-growing Car Finance Fintech Carmoola Joins Zuto Marketplace to Reach Even More Car BuyersFintech Finance•May 28, 2024•Carmoola, Zuto
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British-Ukrainian fintech Carmoola secures £15.5M in equity investmentsAIN.Capital•Jan 17, 2024•Carmoola, QED Investors, Venture Friends, InMotion Ventures and 6 others
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Cloover Raises €7M in Pre-Seed FundingFinSMEs•Oct 18, 2023•9900 Capital, QED Investors, Broadhaven Ventures, Gates and 7 others
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UK Fintech Carmoola Raises £103.5M to “Transform” How Consumers Pay For a CarCrowdfund Insider•Feb 25, 2023•Carmoola, QED Investors, Venture Friends, InMotion Ventures
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