Carplus has expanded its lender panel by welcoming Marshmallow, creating new opportunities for individuals who have recently moved to the UK to secure car finance.
Marshmallow, established in 2017, is a UK fintech business that disrupted the car insurance sector by recognising overseas driving experience. Building on this approach, it has since entered the lending market with a focus on more inclusive credit assessments.
The addition of Marshmallow strengthens Carplus’s ability to assist customers whose UK credit records may not fully represent their financial background, offering them improved access to 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.”
This partnership is part of Carplus’s ongoing efforts to broaden access to financial services. With increasing numbers of people moving to the UK, there is growing demand for lending solutions that fairly reflect diverse financial histories. Both companies aim to remove barriers linked to limited UK credit records.
