Lloyds Banking Group has invested in Caura, a motoring app that brings together all driving-related payments together in one place
In Brief:
- Caura helps simplify driving-related payments
- Drivers are sent relevant information and timely reminders to help them stay compliant and keep on top of car insurance, MOT, vehicle tax, tolls and city charges
- Caura now looks to develop embedded financial services such as motor loans and insurance, as well as add white-labelled payment options for auto partners and self-service SaaS tech for SME customers
What does this mean?
Kirsty Rutter, fintech investment director, Lloyds, says: "This significant investment represents another important step forward in our plans to work closely with fintechs and technology partners to bring together data-driven insight and technologies to help our customers."
