London-based fintech startup Carmoola has raised $124.86 million in its latest funding round, led by VentureFriends, QED Investors, NatWest, and InMotion Ventures. The startup provides a hassle-free and transparent way to finance car purchases through its mobile app, allowing users to manage their finance and spread the cost of their rides with a plan that suits their needs.

Carmoola's innovative solution eliminates hidden fees and broker commissions, giving customers control and transparency over their car finance. With the Carmoola app, customers can apply for car finance in minutes and receive a decision within seconds. The startup's mission is to revolutionize the car finance industry by making it more accessible and customer-centric.

The funding will be used to accelerate Carmoola's growth and expand its product offering. The startup plans to use the funds to develop new features for its app and expand its team of experts in finance, technology, and customer service.

With the growing demand for digital solutions in the car finance industry, Carmoola is well-positioned to become a game-changer in the market. Carmoola's user-friendly approach and commitment to transparency and fairness have set it apart in the industry.

The startup's innovative solution is making it easier for people to get the wheels they need and want while taking control of their finances. To learn more about Carmoola's recent funding round and their innovative approach to car finance, check out their funding round announcement at https://founderlodge.com/round/Carmoola-raises-124860000-Series-A-2023-02-23-Aidan-Rushby-OTc5OA