Cashplus Bank and Superscript partner to offer flexible insurance for modern SMEs

  • Cashplus will be offering business insurance to SME current account customers for the first time via Superscript, accessed through its digital Marketplace
  • Subscription-based insurance, paid monthly and customers can get covered in 10 minutes with insurance from just £5 per month.

10th January 2022: Cashplus Bank, the leading digital challenger bank, today announces a partnership with top UK insurtech, Superscript. The partnership will see Cashplus customers offered customisable and flexible business insurance through the bank’s digital SME Marketplace for the first time.

Superscript’s insurance is tailored specifically for small businesses, with subscription-based products that are charged monthly. There will be no burdensome contracts and customers will have the freedom to make adjustments, with no fees, as their business evolves.

Cashplus currently serves over 150k UK SMEs, and 7% of all new UK companies, with a focus on providing simple, digital banking products that are fast to access and easy to use. Through the Marketplace, there are a range of other useful offers, including accounting and payments tools.

Both companies are also focused on quickly and securely setting up businesses with the products they need, when they need them. Cashplus offers secure account opening in as little as four minutes, and Superscript gets customers covered in 10 minutes, from just £5 a month.

Nick Biggam, Commercial Director, Cashplus Bank said: “We’re delighted to announce this partnership today which will allow us to offer our SME customers an even richer business banking experience, saving them more time and money and allowing them to focus on the things they do best. Superscript is a natural partner for Cashplus as we are both focused on using digital technology to offer fast, flexible solutions for UK small businesses.”

Henry Newby, Partnerships Director, Superscript said: “This is a partnership of like-minds.  Small businesses move fast, and increasingly they need quick and easy online services that can be set up in an instant. Both Superscript and Cashplus recognise this, developing proprietary technology to help SMEs make better decisions, more simply.

Superscript will provide SMEs on Cashplus’ digital marketplace with the insurance they need to run a modern business in just a few clicks. By meeting SMEs where they already are, we’re reducing the burden on them and providing the peace of mind they need to make the bold decisions that will take them to the next level.”

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About Cashplus

Cashplus is a leading UK challenger bank with a 15-year track record of digital innovation, dedicated customer service and strong financial performance. A true fintech pioneer, we offer faster, smarter, simpler banking services for the entrepreneurs, independent businesses and consumers that power the UK economy, yet are too often overlooked by high street banks. Since 2005, we’ve created easier ways for more than 1.6m customers to pay, bank and borrow through our user-friendly digital platform, delivered a string of fintech firsts and built a sustainable, growing business providing more than 250 jobs in the UK with locations in London, Liverpool and Birmingham.

  • 1.6m customers served
  • 7% share of all new UK businesses
  • 20bn in payments processed
  • 10 years + of strong revenue growth
  • £690m total lending
  • 9 straight years of operating profit

 

Cashplus is a trading name of Advanced Payment Solutions Ltd. Copyright in this e-mail and any attachments created by Advanced Payment Solutions Ltd belong to Advanced Payment Solutions Ltd, Cottons Centre, Cottons Lane, London, SE1 2QG

Media Contacts

Alex Moorhouse
Corporate Affairs Director, Cashplus
[email protected]

+44(0)7834 780 299

Adam Taylor
Cicero/AMO
[email protected]cero-group.com

+44(0)7745 390903

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Advanced Payment Solutions Limited (APS), trading as Cashplus Bank, is registered in England and Wales at Cottons Centre, Cottons Lane, London SE1 2QG (No.04947027). APS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 671140.

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