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Carmoola

Speedy car financing

Carmoola logo
21-100 employees
  • B2C
  • Cars
  • Personal finance
  • Financial Services
  • SaaS
Royal Arsenal, London, UK

Company mission

To help customers take control of and experience car finance freedom.

Led by a woman
Top investors

Few candidates hear
back within 2 weeks

Our take

The current car buying experience lacks clarity around pricing and cost, meaning that buyers are often unable to make informed decisions regarding financing until very late into the process. Carmoola offers a solution to this by providing speedy financing options at the start of the buying process, placing control back into customers' hands.

The company is able to offer this radically different approach through new, innovative ways of approaching risk assessments that are geared towards transparency. Further, while other digital lenders and brokers require some phone calls and paperwork, Carmoola differentiates itself by operating entirely online for a more streamlined customer experience.

Funding has allowed the company to scale rapidly, and future plans include a continuation of this growth through new hires and development invested into its platform.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Benefits

  • Sky's the limit growth opportunities
  • Stock Options, we want you to share in the success that we are building together
  • The opportunity to learn fast, amongst like minded peers

Company values

  • Deliver "WOW" - Delivering “wow” is really close to my and the team's hearts. For us, this is the feeling you get when something positive surprises you. This can also be known as the Disney effect. We want to build the greatest car finance company in the world and to do that, we're definitely going to need a little magic 😉
  • Love to grow - Growth is really important to us, not only because we are all really motivated by learning but because we're very competitive. We wanted a value that always reminds us there is more to achieve, and more to learn.
  • Grit and hard work - Grit and hard work are hopefully obvious ones! We all struggled a lot in our previous business, but so much enjoyment and positivity came from going through hard times. It’s really about sticking together and working hard to enable you to achieve your goals in life. One thing that separates the people who achieve their goals, and the people who don't, is that the former never gave up!
  • Don't be a dickhead - This one took a little longer to develop but basically says what it means “Don’t be a dickhead”. We feel it enables you to call out people for being rude, obstructive, or anti-social and encourages a culture of open and honest feedback.
  • Always be automating - We covered our focus on automation in my last blog post. Aside from the clear business benefits of automation, it also means that we can eliminate the boring bits in our day-to-day work, and can get to delivering WOW to our customers faster.

Funding (last 2 of 5 rounds)

Jan 2024

$19.8m

EARLY VC

Feb 2023

$10.9m

SERIES A

Total funding: $68.2m

This company has top investors

Leadership

Roman Sumnikov

(Co-founder & CTO)

Held senior and lead roles as a Software Engineer at Avery Products, Book2Meet and Vable. Sumnikov also worked as the Head of Engineering then CTO at Movebubble.

Aidan Rushby

(Co-founder & CEO)

Previously the co-founder and CEO of Movebubble.

Amy McKechnie

(Co-founder & Director of Product and Marketing)

Previously worked as a Marketing and Events Co-ordinator for Zoopla and founded My Princess Party. McKechnie also worked as Product Owner then Head of Product at Movebubble.

Igor Gordiichuk

(Co-founder & CTO)

Previously worked as a Senior Software Engineer and Team Lead at WDS. Also worked as a Lead Software Engineer at Vable and CTO at Movebubble.

Jasper Dykes

(Co-founder & Non Executive Director)

Dykes is the founder and current CEO of Fly Now Pay Later. He is also an investor in Revolut and Mercury.

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