New SME services added to Starling Bank’s marketplace

By Oliver Smith on 10th September 2019

Challenger Banks

Cybersecurity compliance and insurance are among the new providers added to Starling’s Marketplace.

New SME services added to Starling Bank’s marketplace
Image source: Digital Risks.

Digital bank Starling has named two new fintech startups who will list their services on its Marketplace this month.

Unlike many previous Marketplace announcements, Starling’s latest are both firmly focused on the bank’s 65,000 business account holders.

Digital Risks is an insurance provider for small and medium-sized digital businesses, including cover for specific threats like commercial legal protection, cyber security, management liability, employers liability, public liability and professional indemnity.

While CyberSmart is a platform for SMEs to identify digital weaknesses and achieve their Cyber Essentials Certification, the government-backed accreditation for companies looking to protect against cyber threats.

Read more: Starling is launching a web portal in September, but there’s a catch

“Having started a digital business I know the unique and ever-changing challenges you face first hand,” said Anne Boden, CEO and Founder of Starling Bank.

“These new partnerships will make it quicker and easier for our clients to ensure they have both the insurance cover they need and the vital cyber security systems in place.”

“By working with Digital Risk and CyberSmart, our business customers will be able to focus on growing their businesses knowing that their insurance and cyber security needs have been taken care of.”

As part of Starling’s public commitments it made for its grant of £100m from the Banking Competition Remedies (BCR) fund in February, the bank pledged to launch 48 new partners on its Marketplace for businesses.

So far flexible working capital provider Growth Street, and accountancy software providers Xero and FreeAgent have all been added.

AltFi last week revealed that Starling is working on a web portal for business customers, and increasing the number of third-party lenders.