Ride it away cycle finance sales hit over £50 million p.a.

Enhanced benefits on the way for bike shops using the scheme
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The Moneyway retail finance operating system will soon be transitioned to 'V12' – with a number of enhanced features for the 600 cycle retailers currently using it.

Available exclusively to Gold and Platinum ActSmart subscribers, Ride it away cycle finance is run in partnership with Secure Trust Bank (STB). STB has since acquired V12 retail finance and the brand is now being aligned with Moneyway.

Recent developments at STB provide Actsmart subscribers with a range of benefits, including no monthly account fee, real time management information, free online integration, zero cost for online finance applications, simple ID process (no need for paper copies).

ActSmart told BikeBiz the Ride it away cycle finance scheme has grown beyond initial expectations and has high expectations about the future growth of the cycle retail finance scheme.

More here.

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