Integration of Carmoola’s finance solutions into Zuto’s marketplace will offer a broader range of lending options. Credit: Africa Studio/Shutterstock.com.

Carmoola, a UK-based fintech specialising in car finance, has partnered with Zuto to expand the reach of its lending products to potential car buyers.  

This collaboration involves the integration of Carmoola’s finance solutions into Zuto’s marketplace, offering customers a broader range of lending options. 

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It is set to benefit consumers by providing access to Carmoola’s rapid finance approval, instant tap-or-transfer payment methods, as well as in-app loan management through Zuto’s multi-channel platform.  

Customers can now utilise all these services from Carmoola online, over the phone or via email, with the added support of Zuto’s car-buying experts during their vehicle search. 

The integration process between Carmoola and Zuto involved extensive system connections to ensure a swift and uninterrupted customer experience, alongside secure data exchange.  

Since its launch in March 2022, Carmoola has been specialising in offering app-based car finance applications, offering quick approvals customised to individual requirements.  

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Following a recent £15.5m ($19.8m) investment, Carmoola is poised to expand its product accessibility even further. 

Zuto’s marketplace, which now includes Carmoola among its lenders, offers a platform to provide prompt finance decisions and clear information on approval status and APRs.  

Carmoola CEO and founder Aidan Rushby said: “Our focus has always been to make car finance as user-friendly and hassle-free as possible, by putting control back into the hands of the customer. 

“That’s why we chose to work with Zuto – because they share our industry outlook and tech-first approach, underpinned by a commitment to exceptional customer service standards. 

“We’ve already helped people purchase more than £50m worth of cars, and through this partnership, we can support even more people to find and finance their dream vehicles.” 

Zuto lenders director Joanne Robinson added: “Our product and tech 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 speed of response that we promise our customers.”