What Driva does

Driva is an Australian digital loan broker operating as a self-serve marketplace that matches borrowers with pre-qualified car loan, personal loan, novated lease, debt consolidation, EV, motorcycle, caravan, and commercial vehicle finance rates from a panel of more than 50 lenders. The core technology pre-screens customer profiles against 1,000+ lender underwriting policies without performing a hard credit inquiry, then surfaces personalized comparison rates inside the Driva Dashboard. The platform integrates Equifax IDMatrix for identity and soft credit checks, the Australian Government Document Verification Service for document verification, and bankstatements.com.au for automated bank statement retrieval.

The company holds Australian Credit Licence No. 531492 and is regulated under the Privacy Act 1988 and Australian Privacy Principles for handling credit information. Its product surface has expanded from car loans into novated leasing (with strategic distribution partnerships with LeaseMyTesla and Zeekr for EV salary-sacrifice programs), loan refinancing, business and commercial vehicle finance, and ancillary insurance offerings through CGU and Open Insurance, plus car warranties. Distribution is digital-first via SEO-optimized city pages across eight Australian locations, augmented by employer novated lease programs, dealership referrals, and Prezzee-fueled Best Rate Promise promotions.

Driva monetizes exclusively through referral and transaction fees paid by lending partners, with services free for borrowers. The business is privately held by founders Scott Montarello and William Brown, who serve as Co-Chief Executive Officers. Carthona Capital has been the sole disclosed institutional backer across a 2021 seed/early round (A$2.32 million) and a 2022 follow-on (A$4.48 million). The company has additionally established Driva New Zealand Limited as a separate trans-Tasman legal entity to extend the brokerage model into New Zealand.

Name

Driva

Legal name

Driva Pty Ltd

Website

https://driva.com.au

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Driva is an Australian digital loan broker that matches car, personal, novated lease, EV, caravan, and commercial vehicle borrowers with rates from a 50+ lender panel through a self-serve platform, earning referral fees from lenders.

Ownership category

akta.pro rank

Headquarters

HQ city

Darlinghurst

HQ country

Australia

HQ region

Oceania

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Lender Referral/Transaction Fees: Driva earns fees from lending partners when customers successfully complete loan applications. The company is transparent that they are paid by lenders, not customers, enabling free services for borrowers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Driva operates a digital loan brokerage and comparison marketplace that matches Australian consumers with pre-qualified car, personal, novated lease, debt consolidation, refinancing, motorcycle, caravan, EV, and commercial vehicle finance offers from 50+ lenders. Borrowers complete a 2-minute self-serve online application; Driva's matching engine pre-screens the profile against 1,000+ lender policies using a soft credit check (no score impact until approval) and surfaces personalized comparison rates in a dashboard. The service is free for customers; Driva earns referral and transaction fees from its lending panel, which includes major Australian banks (ANZ, NAB, Westpac) and non-bank lenders.

Product overview

Driva is an Australian car loan comparison and brokerage platform operating as a single unified product that matches borrowers with lenders. The core offering is a smart loan matching platform that connects customers with 50+ lenders to find pre-qualified, personalized vehicle finance rates. The portfolio includes car finance (primary product), personal loans, novated leases (with Tesla and Zeekr partnerships), EV finance, motorcycle finance, caravan/camper finance, loan refinancing, business/commercial finance, and add-on products like car warranties and insurance. The platform provides complimentary calculator tools (car, caravan, motorcycle loan calculators) to help customers estimate repayments. All products are accessed through the same Driva Dashboard and application process, unified by the matching technology that pre-qualifies customers before sharing their profile with lenders.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Finance / Vehicle Loan Driva's flagship product: a vehicle loan brokerage offering that matches Australian consumers with pre-qualified car loan rates from 50+ lenders, covering new cars, used cars, electric vehicles, motorcycles, caravans, camper trailers, and commercial vehicles.
• Personal Loan Unsecured personal loan brokerage for large life expenses (e.g., home improvements, major purchases), matched from Driva's panel of personal loan lenders.
• Novated Lease Salary sacrifice vehicle leasing arrangement through employer programs, bundling car finance with lease administration and running costs. Includes EV novated leasing partnerships with LeaseMyTesla and Zeekr.
• Debt Consolidation Loan Loan brokerage product that consolidates multiple existing debts into a single repayment with a single lender from Driva's panel.
• Electric Vehicle (EV) Finance Specialized EV financing brokerage matching buyers to lenders offering EV loans, including via strategic novated lease partnerships with LeaseMyTesla and Zeekr.
• Motorcycle Finance Financing brokerage solutions for new and used motorcycles sourced through Driva's lender panel.
• Loan Refinancing Refinancing brokerage for existing car or personal loans, helping customers identify a better rate or terms from Driva's lender panel.
• Business Car Finance / Commercial Loans Commercial vehicle finance brokerage solutions for businesses purchasing trucks, work vehicles, or commercial fleets.
• Car Warranty Extended vehicle warranty product offering in partnership with Driva, providing post-purchase protection for financed vehicles.
• Caravan Finance Financing brokerage for caravans, motorhomes, and RVs with flexible loan structures (including residual/balloon options) and up to 7-year terms sourced via Driva's lender panel.
• Camper Trailer Finance Specialized brokered financing for camper trailers, distinct from full caravan loans.
• Comprehensive Car Insurance Comprehensive vehicle insurance brokerage offered through insurance partners Open Insurance and CGU Insurance, presented to Driva customers around loan settlement.

Quantifiable outcome

• Application process takes 2 minutes
• +2 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Six partnerships are on record, tiered minor, strategic and core.

• CGU InsuranceminorOthersInsurance partner providing comprehensive vehicle insurance quotes to Driva customers. Recommended to customers requiring coverage before loan settlement.
• Open InsuranceminorOthersInsurance partner providing comprehensive car insurance quotes, particularly for Queensland customers purchasing vehicles.
• LeaseMyTeslastrategicChannel Partner/ Reseller/ DistributorStrategic partnership for Tesla novated leasing, enabling Driva to offer EV salary sacrifice options to employees through employers.
• ZeekrstrategicChannel Partner/ Reseller/ DistributorNovated leasing partnership for Zeekr electric vehicles, expanding Driva's EV novated lease offerings.
• EquifaxcoreTechnology or IntegrationCredit reporting body used for soft credit checks and identity verification via IDMatrix service. Enables Driva to access credit scores without impacting customer ratings.
• PrezzeeminorOthersGift card provider for Best Rate Promise promotions, issuing fuel vouchers to customers who find better rates elsewhere.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Mozo: Australian financial comparison service spanning banking, energy, insurance, and loans. Comparable to Driva as a comparison destination but with a broader personal-finance portfolio and less depth in car loan origination.
• Finder: Major Australian comparison platform covering credit cards, personal loans, and increasingly car finance. Comparable to Driva on the comparison/marketplace model but operates across many product categories rather than specialising in vehicle finance.
• Lendi: Large Australian loan broker platform, originally focused on mortgages but expanding into broader consumer lending. Comparable to Driva as a multi-lender brokerage but with a mortgage-heavy mix and broader incumbent scale.

Emerging players

• Plenti: Australian fintech lender and marketplace offering automotive, renewable energy, and personal loans. Comparable to Driva as a panel partner and as a digital lender using marketplace-style distribution.
• MoneyMe: Australian digital consumer lender offering car loans, personal loans, and credit products. Comparable to Driva as a panel lender and as a competing digital-first brand for similar borrower segments.
• Wisr: Australian digital lender and credit-builder platform with personal and car loan products. Comparable to Driva on digital origination and presence in Driva's lender panel.

Direct peers

• Stratton Finance: Australian car and asset-loan brokerage matching borrowers with a panel of lenders. Closely comparable to Driva on product (vehicle finance), business model (broker/referral fees), and customer base (Australian car buyers).
• CarStart: Australian car finance comparison and brokerage platform for new and used vehicles. Comparable to Driva as a digital-first vehicle-loan marketplace targeting Australian car buyers.
• Now Finance: Australian online personal and car loan broker that compares offers from multiple lenders. Comparable to Driva as a digital-first broker operating in overlapping car and personal loan categories.

Regional players

• Car Finance 4U: UK-based car finance broker matching borrowers with a panel of lenders. Comparable to Driva on the broker/marketplace model and product focus, though operating in a different (UK) geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Driva