When was Karoo founded?

Karoo was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Karoo located?

Karoo is headquartered in Etobicoke, Canada. It is registered at 16 THE MALL,SURBITON,ENGLAND,KT6 4EQ.

Which legal entities is Karoo associated with?

Karoo is associated with KAROO LTD.

Is Karoo a funded company?

Karoo is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on 2025.

When was the latest funding round of Karoo?

Karoo's latest funding was a $***** Seed round on 2025, with participation from 1 investor. Its primary sector is Alternative Lending. In Canada, the Alternative Lending sector has seen $30.2M in funding in 2026 to date.

Where does Karoo rank among its competitors?

Karoo ranks 35th amongst 62 active competitors, of which 5 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Everyday People Financial, which secured $4.19M in Feb, 2025.

Who are the top competitors of Karoo?

Karoo's top competitors include Mogo, IOU Financial and Everyday People Financial. Among them, Everyday People Financial secured the most recent funding round in February, 2025.

Karoo - 2026 Company Profile, Team, Funding & Competitors

Karoo is a seed company based in Etobicoke (Canada), founded in 2024 by Oliver Lambson, Jeanot Dawson and Hugo Markland. It operates as a Provider of a fintech solutions for lending management. Karoo has raised $500K in funding. The company has 62 active competitors, including 5 funded and 8 that have exited. Its top competitors include companies like Mogo, IOU Financial and Everyday People Financial.

Company Details

Provider of a fintech solutions for lending management. It provides users with a company that offers finance solutions to individuals, simplifying the loan process and providing a customer-centric approach. The company's mission is to make lending good, with a focus on ease of use and transparency.

Website: www.karoo.ca/
Registered Address: 16 THE MALL,SURBITON,ENGLAND,KT6 4EQ

Key Metrics

Founded Year

2024

Location

Etobicoke, Canada

Stage

Seed

Total Funding

$500K in 1 round

Latest Funding Round

Seed, 2025, $*****

Investors

Y Combinator

Ranked

35^th among 62 active competitors

Similar Companies

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View Karoo's full profile

Karoo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
KAROO LTD CIN: 14762309 , United Kingdom, Active	Mar 26, 2023	-	-

Karoo has raised a total funding of $500K over 1 round. Its latest funding round was a Seed round on 2025 for $*****. 1 investor participated in its latest round. Karoo has 1 institutional investor.

Here is the list of recent funding rounds of Karoo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2025	2013	Seed	8154	7026	5875	9703

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View details of Karoo's funding rounds and investors

The founders of Karoo are Oliver Lambson, Jeanot Dawson and Hugo Markland.

Here are the details of Karoo's key team members:

Oliver Lambson: Co-Founder of Karoo.
Jeanot Dawson: Co-Founder of Karoo.
Contact Info: 1 email address
Hugo Markland: Co-Founder of Karoo.
Contact Info: 1 email address

View details of Karoo's Founder profiles and Board Members

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Top competitors of Karoo include Mogo, IOU Financial and Everyday People Financial. Here is the list of Top 10 competitors of Karoo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mogo 2008, Vancouver (Canada), Public	Provider of an app-based platform for consumer loans and debt management solutions	-	Advantas Capital Ventures, Fortress Investment ... & 7 others	80/100
2nd	IOU Financial 2006, Kennesaw (United States), Public	Working capital loan provider to small businesses.	-	Fintech Ventures Fund, MidCap Financial & 1 others	49/100
3rd	Everyday People Financial 2014, Edmonton (Canada), Public	Provider of a partnership-based digital banking platform	-	EAM Enterprises	47/100
4th	Propel Holdings 2011, Toronto (Canada), Public	Provider of financial services	-	-	43/100
5th	Dynamic Capital 2009, Kelowna (Canada), Funding Raised	Provider of equipment financing and leasing solutions across various industries	-	BDC, Mitsubishi HC Capital America	41/100
6th	LendCare 2009, Pickering (Canada), Acquired	Provider of vehicle, retail, health and home improvement financing services	-	CIVC Partners	38/100
7th	OKR Financial 2016, Calgary (Canada), Series D	Provider of financial services	$150M	Ayming, Keiretsu Forum	37/100
8th	Pivot Financial 2015, Mississauga (Canada), Acquired	Business loans provider	-	Kensington Capital Partners	36/100
9th	Amber Financial 2015, Richmond (Canada), Seed	Online lending platfom for personal and mortgage loans	$3.83M	-	36/100
10th	Merchant Growth 2009, Vancouver (Canada), Seed	Provider of financing solutions for small and medium-sized businesses	$3.32M	Comvest Partners	36/100
35th	Karoo 2024, Etobicoke (Canada), Seed	Provider of a fintech solutions for lending management	$500K	Y Combinator	17/100