Lenvi Standby Servicing Provide Backup Servicing on Carmoola’s Latest £300m Facility

Lenvi Standby Servicing is proud to announce their continued support for UK-based fintech, Carmoola, in their latest £300m private ABS facility.

The successful deal, completed in partnership with NatWest and Chenavari Investment Managers, will enable Carmoola to further improve access to their products to a wider market. In doing so, enabling more customers to buy the cars they want, and further mobilise the UK’s motor parc.

In an increasingly competitive and complex motor finance environment, Carmoola’s direct-to-consumer approach removes the need for traditional intermediaries and simplifies car finance to improve accessibility and affordability for a rapidly growing client base.

Frédéric de Benoist, Director of Capital Markets – Carmoola said:

“We have enjoyed a long-standing relationship with Carmoola and are delighted to have been selected as backup servicer on this recent deal.

We have thoroughly enjoyed working with Lenvi Standby Servicing throughout our recent transaction. Their flexibility in approach, speed of response, and deep knowledge of both the motor finance and backup servicing industries have been invaluable. In particular, Lenvi’s expertise in the technology and procedures specific to ABS deals has given us great confidence and enabled a smooth, efficient process at every stage.”

Brad Owen, Senior Business Development Manager - Lenvi said:

“We want to express our heartfelt congratulations to Carmoola on their recent transaction. It was a pleasure working with such an innovative team that are driving real change in the motor finance space. We look forward to our continued work together.”