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

The on-demand motor start-up is gearing up for UK launch as it awaits FCA authorisation. 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.