6 years ago

Cuvva raises £15M to launch flexible monthly car insurance

  • Cuvva, the app-based insurance provider that began life offering pay-as-you-go driving cover but has since expanded to also sell travel insurance, has raised £15 million in Series A funding

  • The funding round was led by RTP Global, Breega and Digital Horizon, with participation from existing investors LocalGlobe, Techstars Ventures, Tekton and Seedcamp

  • Cuvva will use the new capital to launch a new pay-monthly motor product in early 2020 that it says could cut average annual bills for car owners "significantly."

      • ProblemFinancial Services

      "Making car insurance more flexible and affordable for low-mileage drivers and those who need intermittent cover."

      Solution

      "Offering pay-as-you-go and pay-monthly car insurance options through an app, cutting out intermediaries and offering transparent pricing."

      Covered on