Car comparison site hopes investment will put it in growth fast lane

Car leasing comparison website Moneyshake is planning to accelerate its growth plans after the company’s investors committed £250,000.

The Keele-based company will use the additional capital to expand Moneyshake’s brand presence and bring forward the launch of its premium product and price comparison technology.

The funding has been provided by a consortium of Moneyshake’s founders and early-stage investors.

Eben Lovatt, chief executive at Moneyshake, said: “This reinvestment reaffirms their confidence in our vision and our ability to achieve our strategic objectives.

“We are determined to leverage this funding to continue our upward trajectory and establish ourselves as the undisputed leader in the car leasing comparison industry.”

Jon Davage, managing partner at Bermans, who advised on the investment, added: “This reinvestment is a testament to their strong performance and market potential.

“We are confident in their ability to make significant strides in the car leasing comparison market, and we are excited to be part of their journey.”