Cuvva

  • FOUNDING YEAR: 2014
    LOCATION:
    United Kingdom
    Last Update: , 7D1 c02e4
  • Cuvva has launched car insurance app that enables the user to sign up, get a quote and buy cover in less than 10 minute. Cuvva offers Pay-as-you-go car insurance model for infrequent drivers in UK. Car owners will pay a flat monthly fee – about £10 to £30 – to cover the basic fire and theft element of the insurance and also pays an extra charge for each hour the car was driven – from £1.20 an hour and up, depending on the risk. The company aims to help the drivers up to 70 percent of the cost of an annual premium often saving drivers between £500 and £1500 a year.
    Cuvva was launched in October as an iOS app that enables the user to sign up, get a quote and buy cover in less than 5 minutes. It is a totally new type of UK car insurance that gets users covered on a car for only as long as they need it—from a single hour to a whole day.
  • MEDICI analysts will analyze Cuvva soon
    The distribution stack for insurance is fragmented, leaving user experience to suffer. It also means that there are a number of stakeholders who have to act in concert in order to drive innovation and this leaves start-ups with the opportunity to innovate fast.
    Author: Freddy Macnamara
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    FOCUS

    PRODUCTS & SERVICES:
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    REVENUE MODEL:
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    MAIN CLIENTS:
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    PRIMARY PROBLEM SOLVED:
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    PRODUCTS & SERVICES:
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    REVENUE MODEL:
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    TOP PROBLEM SOLVED:
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    PRODUCT DEVELOPMENT STAGE
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    KEY DIFFERENTIATORS
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    PRIMARY CUSTOMER TYPE
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    STRATEGIC CLIENTS AND PARTNERSHIP
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    PEOPLE

    FOUNDERS:
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    INVESTORS:
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    KEY EMPLOYEES:
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    FOUNDERS:
    Freddy Macnamara
    KEY EMPLOYEES:
    CEO: Freddy Macnamara

    TRACTION

    VALUATION / MARKET CAP:
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    COMMENT:
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    ACTIVE USERS/ACCOUNTS:
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    LIVE USERS/TRANSACTIONS:
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    How will you grow the number of users/accounts/transactions?
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    MOMENTUM

    FUNDED:
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    TOTAL FUNDING:
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    DATE OF LAST FUNDING:
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    SEED & PRIOR FUNDING:
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    SEED CLOSED ON: Jn2a170
    SEED PRIOR FUNDING COMMENT:
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    FUNDING SERIES:
    SERIES A
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    SERIES B
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    SERIES C
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    SERIES D
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    SERIES E
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    LISTED:
    NO
    FUNDING COMPLETED:
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    FUNDED:
    YES
    TOTAL FUNDING:
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    LISTED:
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    FUNDING SERIES:

    FOR INVESTORS

    MONTHS LEFT WITH CURRENT CASH BURN RATE
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    RELATED MARKET RESEARCH


    CUVVA VALUE CHAIN - INTERACTIVE SECTOR MAPPING

    TWEETS

    • RT @billinghamj: You can now get short-term @Cuvva on vehicles up to 20 years old 😀
    • @Jp_wise @sohear Working on it.
    • RT @becta: So my copywriting research today has led me to @cuvva . If what I’ve read is the actual truth this could be a chink of light in…
    • ⚠️ Identified: Our vehicle data provider is currently down, you may have issues getting quotes 👀 https://t.co/hz8gmbHaUg
    • RT @billinghamj: .@cuvva is going 24/7! If you know someone who might want to join our night-time customer operations team, please pass on…
    • RT @localglobevc: We love companies rethinking insurance @cuvva @Zegocover @atbayco and more...? https://t.co/htEcFHRqz1
    • It's #BlueLightDay! 👮🏼‍♀️👨🏻‍⚕️👩🏽‍🚒🚑🚔🚒🚨 As a small token of our appreciation, all emergency services and NHS worker… https://t.co/W7vGPNdVIe
    • RT @PatrickImbach: Excited to announce the launch of our 2017 #Fintech100. Congratulations to everyone on the emerging 50 list! https://t.c…
    • RT @CityAM: Fintech Firm of the Year is.... @Cuvva, and @Seedrs is highly commended #CityAMAwards
    • Is Cuvva crashing on your iOS device? 😬🚨 Please try deleting the app from your phone, then installing it again from the App Store.

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