Car financing fintech Carmoola has raised a further $19.7 million in an extension to its Series A round. "The business has been growing strongly and revenues are up 5x," Aidan Rushby, Carmoola CEO and cofounder told Business Insider. The FCA moved to ban such commissions in 2021 and Rushby told BI that Carmoola was able to acquire customers at a lower cost by cutting out the middlemen. Rushby told BI that the round represented a 33% up round on its previous financing but declined to give specifics on the company's valuation. Check out Carmoola's 14-slide Series A extension deck below:

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Persons: Carmoola, Aidan Rushby, we've, Rushby, It's Organizations: Business, FCA, InMotion Ventures Locations: London, InMotion Ventures , New York, Kyiv