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Lloyds Invests in App Helping UK Drivers Avoid Traffic Fines

  • Caura, an all-in-one administrative app, raises £4 million
  • Jaguar Land Rover’s venture arm is among existing investors
Caura is an all-in-one place for drivers to manage their administrative rigmarole.

Caura is an all-in-one place for drivers to manage their administrative rigmarole.

Source: Caura

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One of Britain’s biggest banks is getting behind a startup making car ownership less of a hassle, particularly in city centers, where failing to keep up with all manner of taxes and tolls can lead to big fines.

LLoyds Banking Group Plc has put £4 million ($5 million) into Caura, a four-year-old company already backed by Jaguar Land Rover’s venture arm, in its third fintech investment since last year.