Trakm8 wins contract with Ticker

2nd Dec 2021 12:48

(Sharecast News) - Technology solutions provider Trakm8 has been awarded a contract with Ticker to provide data management solutions and devices for its pay-per-mile offering.
Trakm8 said on Thursday that its real-time vehicle sensor car data will complement Ticker's "pricing sophistication and data capabilities" over an initial contract term of three years.

Ticker's pay-per-mile offering will be launched in early 2022.

Chairman John Watkins said: "Ticker is one of the UK's fastest-growing motor insurtechs, and we are pleased to partner with them following a competitive trial process. We are looking forward to working with the team at Ticker and supporting the delivery of their pay-per-mile product."

As of 1245 GMT, Trakm8 shares were up 2.0% at 25.50p.