3 years ago

Motoring App Caura Secures £4 Million Investment from Lloyds Banking Group

  • UK-based motoring admin app Caura has raised £4 million in a Series A funding round led by Lloyds Banking Group

  • The investment marks Lloyds' first fintech investment of the year and is part of the bank's commitment to the Fintech Delivery Pledge

  • Caura plans to use the funding to expand its platform with new features such as motor loans, insurance, and white-label payment solutions for automotive partners.

      • ProblemTechnology

      "Car owners have to deal with a lot of different tasks and services related to their vehicles, such as paying tolls, city charges, vehicle excise duty, MOTs, and vehicle tax. These tasks are often fragmented and difficult to manage, leading to frustration and wasted time."

      Solution

      "Caura is a mobile app that provides a centralized platform for all car-related tasks and services. It allows users to pay for tolls, city charges, vehicle excise duty, MOTs, and vehicle tax, all in one place. The app also offers other features, such as motor loans and insurance, and white-label payment solutions for automotive partners."

      Covered on