Challenger bank Starling has partnered with digital insurance platform Nimbla to offer its 65,000 small business customers the ability to protect themselves from financial losses caused by bankrupt clients.
Starling business customers can shelter themselves from risk quickly and easily by purchasing insurance cover, for either single of multiple invoices, after signing up for a free Nimbla account directly in the Starling Marketplace.
Once onboard with Nimbla customers will have access to its free credit-checking tool, allowing them to better assess the financial risks of working with new business partners.
Anne Boden, CEO, Starling, says: "Just like Starling, Nimbla is a great example of a business that is disrupting an old industry model to create products that are relevant to the way we do business today. Nimbla is an excellent addition to our Marketplace that I’m proud to welcome into the fold."