UK peer-to-peer insurtech firm Laka has announced a funding partnership with WBF (World Bicycle Relief) to help people in developing countries with no access to transportation. The project involves Laka offering £25 ($32) of credit to any UK customer who takes out bicycle insurance, with each user offered the chance to donate the money to World Bicycle Relief. Laka will then match any donation, while the company also plans to donate 100 bicycles to developing countries in 2019.
UK peer-to-peer insurtech firm Laka has announced a funding partnership with World Bicycle Relief (WBF) to help people in developing countries with no access to transportation. The project involves Laka offering £25 ($32) of credit to any UK customer who takes out bicycle insurance, with each user offered the chance to donate the money to WBF. Laka will then match any donation, while the company also plans to donate 100 bicycles to developing countries in 2019.