Upcover, the Australian digital commercial insurance provider, has launched a dedicated ‘FinTech Vertical’, offering tailored insurance solutions to fintech firms navigating regulated environments.
With fintech founders often struggling to find insurance policies that align with the technical, operational, and regulatory nuances that come with running their business, the launch aims to fill this gap by offering access to global underwriters, including CFC, Liberty and Coalition, alongside advisory expertise from the Special Risks team at Upcover.
Off-the-shelf products typically fail to meet licensing, investor, or enterprise procurement requirements, leaving companies underinsured or exposed.
The new FinTech Vertical spans key subsectors from Web3 and neobanking to regtech and embedded finance. It will offer professional indemnity, cyber liability, D&O, tech E&O, crime, and blockchain-specific coverage.
A number of fintechs are already leveraging the new insurance solution, including investment-as-a-service provider Cache Invest and pet insurance platform Fetch Pet.
“Having helped dozens of fintechs secure insurance for licence applications, fundraising, and product launches, this new vertical reflects what we’ve already been doing — now formalised and scaled,” explained Upcover co-founder Anish Sinha.
Understanding founder’s struggles
Upcover’s FinTech Vertical serves companies in lending, BNPL, payments infrastructure, crypto, insurtech, wealthtech, and more. It says its focus is to ensure these innovators have insurance programmes that can evolve with them, across products, geographies, and investor stages.
Upcover says that, unlike traditional brokers, it hopes to bring a founder’s-eye view to the fintech space, leveraging its own experience navigating regulatory complexities to offer strategic advice on how insurance integrates with legal, financial, and product milestones, alongside quotes.
“We’re not just a broker, we’re a fintech company in the financial services industry too,” Sinha added. “That means we understand what’s at stake when founders face investor due diligence, ASIC compliance, or procurement hurdles. Insurance can’t just be box-ticking, it needs to work in real-world scenarios.”
This announcement follows Upcover’s $19million Series A raise in early 2025, aimed at expanding its digital insurance footprint across Australia’s $20billion commercial insurance market. The company doubled its revenue last year and has helped over one per cent of Australian businesses access tailored insurance solutions.
