Rich Wagner/Cashplus CEO.
Cashplus introduces £5/month business insurance for SMEs
Launched via a partnership with insurtech Superscript.
Business challenger bank Cashplus is expanding its offering to include insurance for SMEs via a partnership with UK insurtech Superscript.
The launch is also an expansion of Cashplus’s third-party marketplace of services, including the likes of Sage accounting, Wix website building and Square payments.
Superscripts flexible insurance products are charged monthly from as little as £5/month, with businesses having the ability to make adjustments as needed.
“Small businesses move fast, and increasingly they need quick and easy online services that can be set up in an instant,” said Superscript’s partnerships director Henry Newby.
“Both Superscript and Cashplus recognise this, developing proprietary technology to help SMEs make better decisions, more simply.”
Today it claims to service over 150,000 UK SMEs, accounting for 7 per cent of all new companies established.
Before Christmas, the fintech launched its Business Creditbuilder, which restructures its customers’ account fees into a zero per cent interest loan which helps them to improve their credit scores.