InsurTech Futures: Pay-per-mile broker gets £350,000 investment

Young male driver

InsurTech broker By Miles (formerly known as Just Miles) has received investment of £350,000 from Hambro Perks and InMotion Ventures and a number of angel investors.

The London based insurtech startup stated that it is set to launch what it described as a new kind of pay-per-mile insurance policy later this year.

The cover will be available along with a smartphone app that By Miles claimed will make owning a car simpler and more cost-effective for lower mileage drivers.

The business was found

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