Anne Boden, CEO and founder of Starling said: “Both these new service providers have been chosen to reduce the number of hours SMEs have to spend on admin in order to free them up to spend more time running their business.”
Once activated, Starling business customers using SumUp for payments will be able to see a summary receipt for all their incoming SumUp payouts in their Starling app. For example, if you process £2,100 through SumUp in one week, you’ll be able to see details of what this £2,100 is made up of when this income is transferred to Starling.
Dinghy: Insurance for freelancers
Dinghy has designed insurance with freelancers in mind. It offers professional indemnity, public liability and business equipment insurance policies to both sole traders and limited companies. All policies are flexible – you can dial it up or down, according to how and when you’re working. And prices start at 30p per day, depending on which type of insurance the trader chooses.
Starling customers with a sole trader or limited company business account can sign up to and manage Dinghy through the Starling Marketplace. Starling say that they will never charge extra than if you signed up directly with Dinghy.
For insurance brands the opportunities provided by big brands, especially those in the finance sector, setting up their own Marketplace is potentially very interesting. There is also crossover in car finance, plus online car shopping platforms like Cinch, Cazoo or We Buy Any Car.