Finalrentals Secures Six-Figure Pre-Series A Investment to Drive Global Growth

Finalrentals, a Fintech Wales Foundry Season 2 graduate, has successfully closed a six-figure Pre-Series A funding round, reinforcing its position as an innovator in the mobility and travel-tech space. This milestone builds on its previous investment round in 2022, propelling the company into new international markets and driving significant revenue growth.

Investor Confidence Fuels Expansion

The latest funding round attracted participation from notable investors, including the E100 London Business School Angel Syndicate, angel investors from London and the U.S., and existing backers who increased their stake. This strong investor confidence reflects Finalrentals’ scalable business model and global potential.

Since its previous funding round, Finalrentals has:

• Tripled its revenue, achieving a 300% year-over-year increase.
• Expanded to 30+ international markets, strengthening its global footprint.
• Grown its partner network to over 500 car rental providers.

With this new capital, the company is targeting an annual net revenue milestone of $1.5 million and plans to increase its global team by 40% to support further expansion.

From Foundry Graduate to Global Disruptor

Finalrentals’ success story is a testament to the power of Welsh fintech innovation. As a graduate of the Fintech Wales Foundry accelerator, the company benefited from world-class mentorship and support, helping shape its global growth strategy. The company has deep ties to Wales’ fintech and startup ecosystem, having leveraged its innovation-driven network to fuel its expansion.

“This funding is a testament to the strength of our vision and execution,” said Ammar Akhtar, Founder and CEO of Finalrentals. “With the backing of our investors, we are poised to redefine the car rental experience, empowering local rental companies with cutting-edge technology, automation, and seamless global reach.”

The investment will be used to enhance AI-driven automation, accelerate product development, and expand internationally, focusing on key markets in Europe, the Middle East, and North America.

With the global $100 billion car rental industry undergoing rapid digital transformation, Finalrentals is positioned as a key disruptor, connecting local rental businesses with global travelers through its innovative technology platform.

About Finalrentals

Founded in 2019 by Ammar Akhtar, Finalrentals is a proud graduate of the Fintech Wales Foundry accelerator and headquarted in Cardiff, reinforcing its strong connection to Wales’ thriving fintech ecosystem.

Finalrentals provides a seamless online platform that connects customers with hundreds of local car rental businesses worldwide. By empowering local providers with cutting-edge technology and enhanced online visibility, Finalrentals is driving digital transformation in the $100 billion car rental industry.

For more information, visit Finalrentals.com.