How UpSure eliminated fees and saved money with Cape
August 30, 2022
In this Cape Study, we meet Matt Almond, CEO and Co-Founder of UpSure.
UpSure is an InsurTech (insurance tech) startup that streamlines and safeguards companies' insurance processes from professional indemnity to cyber insurance and scales with them as they grow.
As CEO and Co-Founder, Matt has been the face and brains behind UpSure from day-dot. Alongside Co-Founder, Andrew Birt, Matt delivers the expertise, support, network and marketplace to make obtaining insurance painless.
Find out how Cape has helped UpSure embrace the power of an expense management platform powered by corporate cards without the fees or obstacles of a traditional credit provider, enabling them to scale, save, and streamline their finances.
Who are you and what does your business do?
Hello there, my name is Matt Almond, and I’m the CEO and Co-founder of UpSure. We’re a startup focused on InsurTech; specialising in reducing risk and helping an amazing portfolio of really innovative businesses.
What was the problem you had that made you search for a solution like Cape?
We were really looking for a new alternative to traditional business expense cards. AMEX isn't accepted everywhere, so that was another issue. Along with the fact that we couldn't add subscriptions to our prepaid cards.
Why did you choose Cape?
From the start I absolutely loved the team, loved the vision. The product looked amazing and as a fairly early startup we're always keen to keep our fees as low as possible. After a bit of a deep dive, Cape had the lowest fees, so for us, it was a bit of a no brainer.
What tangible outcomes have you seen since using Cape?
Well, aside from people asking, “What kind of card is that?!” in a really astonished manner, it really made the process of setting up the UK operations so much smoother. It eliminated the crazy fees other cards were charging. It also allowed us to move our USD subscriptions over, again, saving a heap of money over the course of a year.
What’s your favourite holiday destination and why?
Oh, I absolutely love Italy! It’s where I went for our honeymoon and it was my first real taste of Europe. I fell in love with the food, the scenery and the relaxed way of life.
UpSure has been able to power up its people, policies and payments with Cape. Matt and his InsurTech required the flexibility, savings, and financial agility to scale and manage their cash flow efficiently without the barriers to entry of traditional corporate cards, and Cape was the “no-brainer” choice.
We have a solution to meet your needs today and as you scale and grow.
*Standard Credit Terms
Your credit limit is subject to credit approval. FX fees are free on foreign currency transactions up to $50,000, but this limit varies depending on your plan. Plans start at $8.99 per month and vary depending on the size of the facility you have and the features you use. By expressing interest, there is no guarantee that you will be approved for a corporate credit card.
Acknowledgement of country
Cape acknowledges the deep connections of Aboriginal and Torres Strait Islander communities to Country. We pay our respects to the Traditional Owners of the lands of our team and customers across Australia. We recognise the continuing contributions of indigenous communities in Australia and around the world. We pay respect to all Aboriginal and Torres Strait Islander Elders, both past and present and are committed to continually learning from these powerful traditions as individuals and as a wider team.
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