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Carmoola raises £8.5m in Series A funding

U.K -based car finance startup raised £8.5m in Series A funding led by QED Investors.

“Frustrated consumers are being put in a corner with excessive rates, manipulated commission, and poor customer service, but it’s the very process of getting finance that is at the heart of the problem. Used-car finance couldn’t be more ready for a fintech revolution. Consumers want the freedom to go shopping anywhere, knowing what they can spend, without sending off reams of forms and payslips.”

Tags

europe, lending