Company Name: Zuto Ltd
Incorporation year: 2006
Date of First Investment: March 2014 (Sidecar III)
Company and Industry in brief: Zuto (previously known as CarLoan4U) helps the customer in its online journey from finding finance and choosing the right vehicle, to paying the dealer. Through offers from a wide range of lenders and preferred car dealers, the Company can increase customers’ chances of being approved at a good rate and increase satisfaction with the car purchase. The market for car finance is still provided principally at point of sale (POS) i.e. at the dealer. The POS used car finance market is counted in billions of pound and it is moving online because of the “research online first” attitude.