Lloyds invests £4m in driving payments app Caura

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Lloyds Banking Group has invested £4m in Caura, a car app that consolidates all driving-related payments in one place.

Caura’s iOS and Android apps promise to simplify driving-related payments for the 30 million UK motorists, who often have to use up to 10 apps and websites to manage their vehicles. their.

Drivers receive relevant information and timely reminders to help them stay compliant and up-to-date on car insurance, MOT, vehicle taxes, tolls and city fees.

With support from Lloyds, the company wants to develop integrated financial services such as auto loans and insurance, as well as white-label payment options for auto partners and self-service SaaS technology. services for SME customers.

“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.”
Kirsty Rutter, fintech investment director, Lloyds
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