Cuvva
Short-term car insurance platform, allowing users to buy coverage by the hour, day, or week.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
* | £15.0m | Series A | |
| Total Funding | 000k | ||
| GBP | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | 25 % | 17 % | 106 % | 19 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (48 %) | (42 %) | (105 %) | (26 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | (46 %) | (28 %) | (48 %) | 22 % | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Cuvva is a UK-based insurtech company that offers temporary car and travel insurance through a user-friendly mobile app. The company aims to simplify the insurance process by eliminating jargon, paperwork, and long customer service wait times. Cuvva serves a diverse range of clients, including car owners, van drivers, and learner drivers who need short-term insurance coverage. The market it operates in is the insurance sector, specifically focusing on temporary and on-demand insurance solutions. Cuvva's business model revolves around providing comprehensive insurance policies that can be purchased, managed, and accessed entirely through their app. The company generates revenue by charging premiums for these short-term insurance policies. With 24/7 customer support and an average response time of one minute, Cuvva ensures that users can get help whenever they need it. The app also offers additional features like a free car checker for MOTs, tax data, and vehicle specifications. Cuvva is authorized and regulated by the UK Financial Conduct Authority, ensuring that it meets high standards of service and reliability.
Keywords: insurtech, temporary insurance, car insurance, travel insurance, mobile app, 24/7 support, comprehensive policies, UK market, on-demand insurance, customer-centric.