Fintech
Car Finance Fintech Carmoola joins the Zuto marketplace
Carmoolathe automotive finance fintech, has expanded access to its lending products for car buyers by joining Zuto’s trusted lender market. The partnership will allow Carmoola to reach customers across multiple channels via the Zuto platform.
This integration means car shoppers who want access to Carmoola’s fast finance approval, instant payment methods via tap or transfer, and simple in-app loan management, can now do so online, via email or by phone through Zuto . They will also have access to Zuto’s car buying experts who will support them in their vehicle search.
The companies engaged in a rigorous integration process, connecting their systems to maintain a fast, seamless customer experience and secure data flow. Both companies share a common goal: to transform the auto financing industry and ensure a seamless and transparent customer journey when purchasing a used car with financing.
Said Aidan Rushby, CEO and founder of Carmoola“Our goal has always been to make car financing as easy and simple as possible by putting control back in the hands of the customer.
“This is why we chose to partner with Zuto: they share our industry vision and technological approach, underpinned by a commitment to exceptional standards of customer service.
“We’ve already helped people buy over £50 million worth of cars and, through this partnership, we can help even more people find and finance the vehicles of their dreams.”
Joanne Robinson, director of lenders, Zuto, said, “We welcome Carmoola to join our marketplace. It seems like a natural partnership as there is a synergy between our company values: we are both fully committed to bringing fairness and transparency to the car buying journey.
“Our product and engineering teams have worked diligently to design and develop an integration that allows data from multiple touchpoints to flow between the two systems and maintain the responsiveness we promise our customers.”
Carmoola launched in March 2022, providing an innovative app-based application process that ensures rapid financing approval tailored to an individual’s specific needs. It recently secured a £15.5m investment, allowing it to expand access to its products.
The Zuto marketplace, which provides access to 20 lenders, combines a hi-tech platform with human engagement. Its proprietary technology offers customers quick decisions, as well as clarity on financing approval and available APRs. Its car buying experts can also communicate with customers through their preferred touchpoints, online, over the phone or via email. In addition to providing a marketplace for auto financing, Zuto helps customers find a suitable vehicle and understand their options for purchasing with financing.