Driva Pty Ltd
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Driva Pty Ltd - overview
Established
2019
Location
-, NSW, Australia
Primary Industry
Financial Services
About
Based in Darlinghurst, Australia, and founded in 2019, Driva Pty Ltd operates as an online car loan marketplace that matches customers with the best car loan rate from a variety of lenders. The company was co-founded by Will Brown and Scott Montarello. In May 2021, Driva Pty Ltd raised AUD 3 million in Seed funding led by Carthiona Capital, and in March 2022, Driva Pty Ltd raised AUD 6 million in growth funding led by Carthona Capital, with participation from Invictus Ventures. Driva provides consumer and commercial car loans and offers personalized rates with full transparency on fees, rates, and monthly repayments.
The rate will be based on the customers' credit score, choice of vehicle, and employment data. The company generates revenue from commissions and fees from lenders. Lenders pay Driva for sending them customers and any fees they pay to the company are included in the customers' quoted monthly repayments. Driva plans to use the March 2022 funding round to scale its team from 50 to 100 and invest in its Driva brand.
Current Investors
Carthona Capital, Invictus Ventures, Wulura Investments Pty Ltd
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Commercial Insurance, Web Applications, Accounting/Finance Software
Website
www.driva.com.au
Verticals
FinTech, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
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