Online car finance broker, Zuto has continued its succesful 2022 with record Q4 growth and financial performance.
Back in March, the Manchester fintech recorded its first pre-tax profit since 2015 when it logged a £5.3m gain. Now, October 2022 has seen Zuto celebrate 40 per cent year-on-year revenue growth, against a backdrop of a seasonal downturn which often impacts the car finance market in Q4. Its reported turnover for the financial year to the end of February was £27.9m.
Despite the challenging current economic conditions, the company has also seen an uplift in market share of seven per cent in the twelve months to September 2022, with the amount of customers driving cars financed through Zuto up by 14 per cent. This growth outperformed the used car market as a whole, which grew by six per cent in the same period.
Zuto has also marked 2022 with B Corp certification and a number of industry accolades, including winning the Best Workplace award at the Prolific North Tech Awards 2022. Zuto’s CEO, James Wilkinson, was also accepted into the Automotive 30% Club, which…
