Urban Moto has launched a new financing package to support its dealer network. The Lincoln-based firm, which distributes Rieju and RFN motorcycles, Kiddimoto balance bikes and a full range of hard parts, has signed a deal with iwocaPay, giving retailers a new way to fund stock purchases and manage cash flow.
The new payment solution joins Urban Moto’s existing finance partners, DF Capital and Add Capital, offering dealers greater choice when purchasing stock. iwocaPay is available to approved businesses, with spending limits of up to £30,000 helping dealers spread the cost of purchases and maintain stock levels during peak trading periods.
Dealers can use iwocaPay for orders of more than £150 on RFN Warrior Kids electric bikes, Kiddimoto balance bikes, and hard parts and accessories. For larger RFN and Rieju motorcycle purchases, Urban Moto can also facilitate invoicing through the firm.
Jamie Masterman (above), commercial director at Urban Moto, said: “We’re always looking for ways to make it easier for dealers to do business with Urban Moto. Adding iwocaPay gives our partners greater flexibility in how they fund stock purchases and manage cash flow.”
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