Leadership:
Aidan Rushby, CEO
Headquarters:
London, England
QED Investment:
2023
QED Champions:
No more wasted time hunting down the perfect car, only to find you can’t afford it, Carmoola gives users an immediate pre-approved budget and virtual card for instant purchasing. All in three easy steps. Giving people the freedom to go shopping, knowing what you can spend, without sending off reams of forms and pay slips, puts the consumer in control of their car purchase.
Carmoola offers additional consumer benefits; better value finance that cuts out the middleman, and flexible in-app financing, so you canincrease your payments, make overpayments, or completely pay off your loan without incurring any penalties or charges.
Founder Aidan Rushby (CEO) has extensive experience in fast-moving, scale-up businesses, having founded Movebubble. Co-founded by Amy McKechnie (Director of Product and Marketing), Rushby is also joined by Ukrainian co-founders, Roman Sumnikov, Chief Technology Officer and Igor Gordiichuk, ChiefInformation Officer.
Carmoola will be the only company to offer green incentives such as lower APRs on electric vehicles to encourage the uptake of clean-air cars, carbon footprint calculators, and to pass on savings from ESG debt funding to consumers - launching this Spring.
The consumer app was launched for the first time in March2022. Available on iOS and Android.
Having not adapted to modern expectations for the consumer, the car finance industry has been caught off guard by the new neo-car finance brand Carmoola, who champion the consumer at every part of the process. Carmoola are on track to dominate the car finance sector with a game-changing approach to purchasing.
Yusuf Özdalga