Australian FinTech has teamed up with Tower Insurance to cater to growing need of Australian fintech companies for quality insurance.

“Here at Australian FinTech, we’ve had an increase in fintechs coming to us looking for insurance solutions,” said Cameron Dart, CEO and co-founder of Australian FinTech. “So we searched for an insurance company that specialised in fintech insurance – and accompanying insurances like cyber insurance and IT liability – and found Tower to be the best value and most eager to work with fintech companies no matter how big or small.”

Tower has more than two decades’ experience in fintech insurance as well as business, personal, and other specialist insurance such as cyber insurance and IT liability.

“Most fintech companies probably aren’t aware that they require professional indemnity insurance for their credit licence, and in conjunction with this, there are various tailored packages in the market designed specifically for fintechs that also include insurance for directors’ and officers’ liability, theft, cyber liability, and general liability under the one package,” said Tim Sheldon, director of Tower Insurance. “That’s where we can help. And this is the case for all fintechs, from start-ups all the way up to ASX-listed multinationals.”

As part of the new deal, those taking out a new policy before June 30 will be offered a 10% discount.