insurTech Superscript to offer SME insurance to challenger bank customers


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

Cashplus Bank, the leading digital challenger bank, has announced 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 useful offers, including accounting and payments tools.

Both companies are 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.”