Relocation to Wales becomes major growth catalyst for online car rental platform Finalrentals

Online car rental business Finalrentals, the brainchild of Pakistan-born Ammar Akhtar, is used by local car rental businesses throughout the world, including Canada, the United States of America and United Arab Emirates.

Established in Dubai in 2019, Finalrentals moved to Wales and benefited from the FinTech Wales’ Foundry – a no equity accelerator programme providing support to start-ups. “We have worked tirelessly to build the software and get our product known in the market but taking part in the programme was the catalyst for our growth. It gave us a great opportunity to network with the investor community in Wales and benefit from mentorship which has ultimately let us secure this major investment that will enable to now scale the business. There is certainly a culture of innovation and growth in Wales and I am now proud to call Cardiff my home,” explains Mr Akhtar.

Finalrentals received the backing of a syndicate of four business “angels” led by investor Eamon Tuhami and venture capital company Fuel Ventures translating into a six-figure investment, matched by the Development Bank of Wales.

Hall 9 / Stand 120a