Programme: Enterprise Capital Funds
With a mission to power the global automotive industry, Cazana has built a digital platform that gives vehicle dealers and manufacturers, banks and lenders the data and insights they need to better understand the assets they work with.
For example, the technology allows users to examine a vehicle’s individual history and establish its value. Finance lenders can use its tools to make accurate forecasts and offer more competitive products, while the platform can help insurers identify hidden risks and settle claims fairly.
The Cazana team were looking for finance to develop new products to better serve existing and future clients, widen the company’s business development efforts and expand into global markets.
Thanks to funding from Passion Capital’s Enterprise Capital Funds programme, the company has significantly strengthened its engineering, product and business development teams and now expect to double last year’s results – all of which would have been impossible without the finance it received.