This strategic addition to the team marks a significant step in Carmoola's mission to revolutionise car finance and bring simplicity, control and value to even more car buyers.

Frédéric brings over two decades of experience in the finance industry, with a strong background in structured finance and capital strategy. His career to date includes major roles at Deutsche Bank, culminating as managing director - head of asset finance.

In his new role, Frédéric will be responsible for developing and implementing a comprehensive capital markets strategy, leading fundraising efforts, and optimising Carmoola's capital structure. His expertise will be pivotal in securing funding for loans, managing financial risks, and supporting the company’s growth initiatives.

Aidan Rushby, founder and CEO of Carmoola, said, “We are thrilled to welcome Frédéric to the Carmoola team.

“His deep understanding of debt structures and financial markets, combined with his impressive track record, makes him the ideal leader to spearhead our capital market efforts.

“I am confident that Frédéric’s leadership will significantly contribute to our goal of becoming a leading player in a new-look car finance industry that works better for consumers.”

Commenting on his appointment, Frédéric said, “I am excited to join Carmoola at such a pivotal time in the company’s journey.

“Carmoola’s innovative approach to car financing and its commitment to customer empowerment align perfectly with my professional values.

“I look forward to leveraging my experience to support the company’s continued growth and success.”

Carmoola, known for its fully automated, direct-to-consumer car finance, has raised over £145m in funding and secured backing from some of the world’s most renowned investors, including QED Investors, AlleyCorp, InMotion (part of Jaguar Land Rover), and VentureFriends.