Zuto Achieves Record Growth as it Expands Its Customer Offering

Fintech, Zuto, has announced record growth with turnover up 26%, reaching £61.8 million for the 2024 financial year ending June 2024. Recent customer volumes, revenue and profit indicate that strong momentum continues into the financial year ending June 2025, with revenue currently tracking at 35% YoY growth. 

The business remains focussed on bringing transparency and fairness to the car finance sector. It continues to invest in technology to advance product innovation, increasing automation and enhancing the customer experience. This has resulted in Zuto making improvements throughout the customer journey, providing market-leading compliance standards and securing an ‘excellent’ rating on Trustpilot, with over 30,000 five-star reviews.

Zuto has expanded its partner network over the last year and introduced new lenders to its platform. The focus of this has been to provide a smooth customer journey, digitising the process and seamlessly integrating technology across the network. This has increased the breadth of its offering, with over 300 finance products now available, providing whole of market solutions for people looking at finance to purchase their car.

To support its growth, the company has expanded its team with new hires in cyber security, technology, marketing, partnerships and data analytics. It has also taken an additional floor in its Manchester HQ, expanding its footprint to 30,000 sq feet.

Aimee Gethin, COO, Zuto, said: “I am incredibly proud of Zuto’s achievements over the last year. Seeing our record performance continue in this financial year with us currently delivering 35% YoY revenue growth is exciting.

“As we invest further in our technology and team, we remain focused on delivering transparency, trust and efficiency for our customers, dealers and lending partners. In a competitive market, our ability to blend innovation with human expertise is a key differentiator.”

A certified B Corp since 2022, Zuto remains focused on growing responsibly and balancing purpose with profit. Its people-first approach has led to Best Companies™ awarding Zuto a prestigious 3 Star Company rating, recognising ‘world-class levels of workplace engagement’.

Zuto reported £7.2 million EBITDA for FY24, an increase from £6.8 million in FY23.