Carplus has added Marshmallow to its lender panel, opening up additional car finance opportunities for individuals who have recently moved to the UK.
Established in 2017, Marshmallow is a UK fintech company known for transforming car insurance by factoring in international driving experience. It has since expanded into lending, using similar data-driven methods to assess creditworthiness.
This partnership allows Carplus to better support customers whose UK credit records may not yet reflect their financial background, improving their access to vehicle finance.
Roman Danaev, Founder of Carplus said: “Marshmallow has already changed how insurance works for this group, and we’re proud to be working with them to do the same for car finance. Their mission is now ours too: making car finance accessible for people who have recently moved to the UK. This partnership marks another step in our journey to help more customers across the UK get on the road.”
As part of its broader strategy, Carplus aims to expand financial inclusion across a diverse customer base. With more people moving to the UK, both companies are working to ensure that limited local credit history does not restrict access to essential financial services.
