Zempler Bank
British challenger bank and prepaid card operator
From Wikipedia, the free encyclopedia
Zempler Bank, previously known as Cashplus Bank is a British challenger bank. Zempler Bank provides business and personal bank accounts with contactless Mastercard cards in the UK.
| |
| Zempler Bank | |
| Formerly | Cashplus Bank |
| Industry | Financial services |
| Founded | June 2005 |
| Founder | Rich Wagner |
| Headquarters | London, United Kingdom |
Area served | United Kingdom |
Key people | Rich Wagner (CEO), Mark Sismey-Durrant (Chair of Board), Dominic Wade (CFO) |
| Products | Current accounts, Debit card, Business account, Credit card |
| Services | Financial Services |
Number of employees | 300 |
| Website | www |
Products and Services
Zempler Bank provides digital banking services for both business and personal customers in the UK. It is a fully regulated UK bank and is a participant in the Current Account Switch Service.[1]
Business Banking
For businesses, the bank offers bank accounts aimed at sole traders, freelancers, and SMEs. These accounts are managed digitally and include a Mastercard debit card for transactions. They include tools for financial administration, such as invoice creation, digital receipt management, and cash flow tracking.[2] Through its API and Open Banking, the accounts can be integrated with third-party accounting software including Xero, QuickBooks, and Sage.
Personal Banking
The bank offers personal current accounts that include features such as overdrafts and Creditbuilder
Credit Products
Zempler Bank also provides credit cards for both business and personal customers, subject to eligibility.
History
Zempler Bank was initially a prepaid card operator launched in the UK in 2005 which was previously known as Cashplus.[3]
It applied for a banking licence in 2017, then became a fully regulated UK bank after acquiring its banking license in 2021, thereby becoming Cashplus Bank.[4][5]
In July 2024, Cashplus Bank rebranded to Zempler Bank.[6][7]
