Zempler Bank
| 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 |
Zempler Bank, previously known as Cashplus is a British challenger bank and prepaid card operator that is a trading name of Zempler Bank Limited. Zempler Bank provides business bank accounts and contactless Mastercard cards in the UK.
History
Zempler Bank was initially a prepaid card operator launched in the UK in 2005 under the name Cashplus.[1]
It applied for a banking licence in 2017, then transformed into a fully regulated UK bank after acquiring its banking license in 2021, thereby becoming Cashplus Bank.[2][3]
In July 2024, Cashplus Bank rebranded to Zempler Bank.[4][5]
References
- ^ "Payment cards are first step towards making cash obsolete". The Independent. 24 September 2005.
- ^ Hinchliffe, Ruby (5 February 2021). "Cashplus lands full banking licence after 15 years as an EMI".
- ^ Bhattacharya, Megha (3 February 2021). "FinTech Cashplus secures a full UK banking license".
- ^ Mucklejohn, Lars (12 March 2024). "Cashplus: Digital challenger to rebrand as Zempler Bank this summer".
- ^ Reynolds, John (24 March 2024). "Cashplus Bank rebrands to Zempler Bank".