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Bikmo eyes further growth in the UK cycle market

Woman on country bike ride - landscape

Cycle and e-mobility insurer Bikmo has raised £3.4m in a funding round to bolster its European footprint and drive product innovation.

Based in Flintshire, Wales, the bike insurer has revealed after its latest funding round, which raised £3.4m in a Series A extension led by Puma Private Equity, that its ambitions are set on expanding

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

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