Founders: Freddy Macnamara (CEO), James Billingham
Total funding: $2.82M
Latest investment: $1.82M January 2017
Keywords: Insurance, social benefit, financial inclusion, mobile app-based
Who is it for: those who need flexible, simple insurance
Founded: Scotland / HQ: London, UK
“Clear, fair and flexible app-based insurance.”
When Cuvva founder Freddy Macnamara couldn’t get short-term cover for an essential car journey, he set out to build flexible, accessible insurance, starting with short-term car insurance. Cuvva sold its first policy in 2016 and since then the mobile app has sold over one million policies.
Cuvva connects customers directly with insurers, providing comprehensive cover within minutes, and 24/7 customer support. Pioneering short-term insurance, Cuvva was the first to provide both hourly motor insurance and insurance via an app in the UK. The startup has expanded to offer personal car, learner, van, and travel insurance, thus far.
Cuvva offers users accessible, flexible insurance on their terms. They also have technically smart handling image recognition of driving licences and location based pricing.