Carwow Names Jeremiah Crider as New CFO
Portfolio - People | Feb 18, 2025 | Aim Group
U.K.-based Carwow Group, known for its reverse auto marketplace, has appointed Jeremiah Crider as its new Chief Financial Officer. He brings experience from his previous roles as CFO for Securitas’ European division and VP of finance at both Deliveroo and Walmart. Crider, who will be reporting to CEO John Veichmanis in London, is poised to lead the financial strategy amidst Carwow’s promising growth phase in the U.K., Germany, and Spain. The company reported a 37% revenue increase in 2023, alongside an improved EBITDA, and highlighted a 55% revenue surge in H2 2024. Previously, Carwow secured $52 million in funding and has expanded its reach through autos worth 1.8 billion GBP listed in auctions and over 1.1 billion YouTube views in 2024.
Sectors
- Automotive Marketplaces
- Finance and Investment
- Digital Media
Geography
- United Kingdom – Carwow is a U.K.-based company and the new CFO, Jeremiah Crider, will be based in London.
- Germany – Carwow has significant market growth ambitions in Germany.
- Spain – Spain is one of the target regions for Carwow's business expansion.
Industry
- Automotive Marketplaces – Carwow operates an online reverse auto marketplace, facilitating car sales.
- Finance and Investment – The appointment of a new CFO pertains to financial management and strategy in a growing company.
- Digital Media – Carwow's significant online presence, including a robust YouTube viewership, contributes to the digital media aspect.
Financials
- 54.8 million GBP – Carwow's 2023 revenue, marking a 37% increase year-on-year.
- 5.4 million GBP – Carwow's EBITDA loss in 2023, reduced from 20.6 million the previous year.
- 1.8 billion GBP – Value of cars listed in Carwow's daily online auctions in 2024.
- $52 million – Funding raised by Carwow in July of the previous year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carwow Group | Target Company | Company | A U.K.-based company running a reverse auto marketplace. |
| Jeremiah Crider | CFO | People | Newly appointed Chief Financial Officer of Carwow. |
| Securitas | Previous Employer | Company | A security services group where Crider was CFO for the European division. |
| Deliveroo | Previous Employer | Company | A food delivery service where Crider held the position of VP of Finance. |
| Walmart | Previous Employer | Company | A global retail corporation where Crider was VP of U.S. Finance. |