{{Short description|British challenger bank and prepaid card operator}} {{DISPLAYTITLE:Zempler Bank}} {{Infobox company | logo = Zempler Bank logo.png | trade_name = Zempler Bank | former_name = Cashplus Bank | industry = Financial services | founded = June 2005 | founder = Rich Wagner | hq_location = London | hq_location_country = 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 | num_employees = 300 | website = {{URL |https://www.zemplerbank.com/}} }} '''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.
== 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.<ref>{{Cite web |title=Banks & building societies |url=https://www.currentaccountswitch.co.uk/banks-building-societies/}}</ref>
'''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.<ref>{{Cite web |title=Cashplus upgrades mobile app with Google maps spend tracking feature |url=https://www.finextra.com/pressarticle/81552/cashplus-upgrades-mobile-app-with-google-maps-spend-tracking-feature}}</ref> 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.<ref>{{cite web| url=https://www.independent.co.uk/money/spend-save/payment-cards-are-first-step-towards-making-cash-obsolete-314667.html| title=Payment cards are first step towards making cash obsolete| work=The Independent| date=24 September 2005}}</ref>
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.<ref>{{Cite web |last=Hinchliffe |first=Ruby |date=5 February 2021 |title=Cashplus lands full banking licence after 15 years as an EMI |url=https://www.fintechfutures.com/2021/02/cashplus-lands-full-banking-licence-after-15-years-as-an-emi/}}</ref><ref>{{Cite web |last=Bhattacharya |first=Megha |date=3 February 2021 |title=FinTech Cashplus secures a full UK banking license |url=https://ibsintelligence.com/ibsi-news/fintech-cashplus-secures-a-full-uk-banking-license/}}</ref>
In July 2024, Cashplus Bank rebranded to Zempler Bank.<ref>{{Cite web |last=Mucklejohn |first=Lars |date= 12 March 2024|title=Cashplus: Digital challenger to rebrand as Zempler Bank this summer |url=https://www.cityam.com/cashplus-digital-challenger-to-rebrand-as-zempler-bank-this-summer/ }}</ref><ref>{{Cite web |last=Reynolds |first=John |date=24 March 2024 |title=Cashplus Bank rebrands to Zempler Bank |url=https://tech.eu/2024/03/12/cashplus-bank-rebrands-to-zempler-bank/#:~:text=Well%2C%20the%20rumours%20were%20true,product%20offering%20for%20larger%20microbusinesses.}}</ref>
==References== {{reflist}}
{{DEFAULTSORT:Zempler Bank}} Category:Banks of the United Kingdom
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