{"id":18213,"date":"2025-06-24T14:01:47","date_gmt":"2025-06-24T11:01:47","guid":{"rendered":"https:\/\/scroll.media\/2025\/06\/24\/carmoola-raises-300m\/"},"modified":"2025-06-24T23:07:50","modified_gmt":"2025-06-24T20:07:50","slug":"carmoola-raises-300m","status":"publish","type":"post","link":"https:\/\/scroll.media\/en\/2025\/06\/24\/carmoola-raises-300m\/","title":{"rendered":"Ukrainian-British Carmoola Raises \u00a3300M Debt Facility"},"content":{"rendered":"\n

Carmoola, a Ukrainian-British startup that offers a car financing app in the UK, has secured \u00a3300 million (approximately $405 million) debt facility through asset-backed securities (ABS) from NatWest and Chenavari Investment Managers. The funding was announced<\/a> by Aidan Rushby, the company\u2019s CEO.<\/p>\n\n\n\n

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\u00abThis new facility triples our previous debt capacity, and it\u2019s a huge step forward in our mission to make car finance fairer, faster, and more accessible for everyone,\u00bb said Rushby.<\/p>\n<\/blockquote>\n\n\n\n

Fr\u00e9d\u00e9ric de Benoist, Carmoola\u2019s Director of Capital Markets, added<\/a>:<\/p>\n\n\n\n

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\u00abThis new three-year facility represents a major step forward in Carmoola\u2019s funding strategy, replacing early-stage corporate debt with a scalable and cost-effective structure. It is designed to support the next phase of our rapid growth, significantly increasing our lending capacity and materially reducing our financing costs. <\/p>\n\n\n\n

The deal reflects the credibility, sophistication and maturity of our operations and opens the door to a broader range of private and public funding options in the future.\u00bb<\/p>\n<\/blockquote>\n\n\n\n

In January 2024, Carmoola raised<\/a> \u00a315.5 million (approximately $19.6 million) in equity from QED Investors, VentureFriends, InMotion Ventures (Jaguar Land Rover\u2019s investment arm), New York-based AlleyCorp, and Kyiv-based u.ventures. The year before, it raised \u00a38.5 million in equity and secured \u00a395 million in debt financing from NatWest.<\/p>\n\n\n\n

About the Startup<\/h2>\n\n\n\n