This site uses cookies. By using this site you agree to receiving cookies. View Policy.
Successfully funded
/https://files-crowdcube-com.s3.amazonaws.com/files/pitch_pics/original/201710/celo2_781debaddd416f6e9594f40769972652.png)
Celo is an app-based insurance provider designed to provide cheaper quotes, faster claims, and a pleasant user experience. We plan to offer insurance cover for motor vehicles, travel, health, and more. Like Monzo and Starling who are disrupting banking, Celo plans to disrupt the insurance industry.
- The UK has the largest insurance industry in Europe
- Over 2000 users are already on the beta waiting list
- Building of the backend software architecture has commenced
- Planning to launch the full service offering by 2019
Idea
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201710/dashboardpreview_cropped_fd69317b40dcd11124c28256cf3b5d9a.png "Browse your active policies from your dashboard.")
Browse your active policies from your dashboard.
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201710/milespreview_cropped_8343afd46a8e679403e14453a5ef4f5f.png "See how many miles you have driven each month and top up accordingly. Unused miles are carried over to the next month.")
See how many miles you have driven each month and top up accordingly. Unused miles are carried over to the next month.
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201710/profilepreview_cropped_3720b9ebb7aa10c970be5a45fedba500.png "Live support, claims and quotes are just a tap away.")
Live support, claims and quotes are just a tap away.
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201710/insurance_preview_cropped_1db64673ae9598b2ed8d034965a6bc2f.png "You can amend or cancel your subscription any time you want.")
You can amend or cancel your subscription any time you want.
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201710/app_preview_signup_cropped_59a113adaf5697a147d567472a40b034.png "The celo app is a generation ahead of its competition.")
The celo app is a generation ahead of its competition.
Unlike traditional insurance providers, Celo is an app-based insurance provider designed to provide cheaper quotes, faster claims, instant cover, and a pleasant user experience. We plan to offer insurance cover for motor vehicles, travel, health, and gadgets.
Like Monzo and Starling Bank who are disrupting banking, we're planning to disrupt the insurance industry.
The UK has the largest insurance industry in Europe, generating $320 billion (£250 billion) in revenue each year. In addition to this, a survey (Insurance Disrupted, Deloitte UK) found that over 77% of customers aged 25-34 would like to use their mobile phones to purchase and manage general insurance policies, something which is not focused on by current insurance providers. Celo will be built with a focus on capturing this market.
Celo plans to integrate with third-party services like Monzo Bank, Starling Bank etc. and offer their customers insurance without the need for further identification checks or sign up processes. We've already started building our backend software architecture and plan to expand our technical and marketing team to take us to beta and subsequently to full launch. We already have over 2000 users on our waiting list gained from a limited advertising campaign run on social media platforms.
We're planning to launch our beta by early 2018, and plan to launch our full-service offering by early 2019.
THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS. CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest. The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan. There will be no public offering of the Securities in the United States.
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7. Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear. Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company. Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
By registering or logging into Crowdcube.com to view the investment opportunity, you certify that you are legally entitled to view the investment opportunities, are an authorised investor and you agree to all applicable terms and conditions on this website, including this disclaimer.
To see the rest of the Celo pitch, join now.
It’s free, quick and easy.
Already registered? Log in
To see the rest of the Celo pitch, join now.
It’s free, quick and easy.
/https://files-crowdcube-com.s3.amazonaws.com/files/pitch_pics/original/201710/celo2_781debaddd416f6e9594f40769972652.png)
