// Workers AI · dad joke modeWhat did the Zempler Bank say to the robber? You're withdrawing the wrong conclusion.
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| Zempler Bank | |
| Formerly | Cashplus Bank |
| Industry | Financial services |
| Founded | June 2005 |
| Founder | Rich Wagner |
| Headquarters | London, United Kingdom |
Area served | United Kingdom |
Key people | Dominic Wade (CEO), Mark Sismey-Durrant (Chair of Board), Adam McNichol (CFO) |
| Products | Current accounts, Debit card, Business account, Credit card |
| Services | Financial Services |
Number of employees | 300 |
| Website | www |
Zempler Bank, formerly known as Cashplus Bank is a British challenger bank headquartered in London. It provides digital business and personal current accounts in the United Kingdom, with a focus on micro-businesses, sole traders, freelancers and small and medium-sized enterprises (SMEs). It holds a full UK banking licence and is a participant in the Current Account Switch Service[1]. Founded in 2005 as a prepaid card operator Cashplus, it was granted a full UK banking licence in 2021 and rebrand as Zempler Bank in 2024[2][3]. In 2026 it was acquired by The Access Bank UK, the subsidiary of Nigeria's Access Bank, and now operates as an independent subsidiary[4][5].
History
[edit]The company was launched in the United Kingdom in 2005 as Cashplus, initially providing prepaid payment cards before shifting its focus towards small businesses and start-ups [6].
It applied for a banking licence in 2017 and was granted a full UK banking licence in 2021, at which point it began trading as Cashplus Bank[2].
In July 2024, the bank rebranded as Zempler Bank, retaining founder Rich Wagner as chief executive [3] [7].
Acquisition by The Access Bank UK
[edit]In February 2026, The Access Bank UK agreed to acquire a 100% shareholding in Zempler Bank [6]. The transition received regulatory approval from the Prudential Regulation Authority and the Financial Conduct Authority [8], and completed in 2026, after which Zempler began operating as an independant subsidiary of Access Bank UK [4] [5]. Reports valued the bank at around £80 million; commentators linked the lower valuation to pressure on UK SME lending [9] [8].
Products and Services
[edit]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.[10] 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.
References
[edit]- ↑ "Banks & building societies".
- 1 2 Hinchliffe, Ruby (5 February 2021). "Cashplus lands full banking licence after 15 years as an emi".
{{cite web}}: CS1 maint: url-status (link) - 1 2 Mucklejohn, Lars (11 March 2024). "Cashplus Bank to rebrand as Zempler this summer".
{{cite web}}: CS1 maint: url-status (link) - 1 2 Rahman, Rizwan (6 March 2026). "CMS advises Access Bank on strategic acquisition of Zempler Bank".
{{cite web}}: CS1 maint: url-status (link) - 1 2 "The Access Bank UK acquires Zempler Bank". 5 March 2026.
{{cite web}}: CS1 maint: url-status (link) - 1 2 Emanuel-Burns, Cameron (16 February 2026). "SME-focused Zempler Bank set to be acquired by The Access Bank UK". Fintech Futures.
{{cite web}}: CS1 maint: url-status (link) - ↑ Reynolds, John (12 March 2024). "Cashplus Bank rebrands to Zempler Bank". Tech EU.
{{cite web}}: CS1 maint: url-status (link) - 1 2 Musat, Iulia (19 February 2026). "The Access Bank UK to acquire SME-focused Zempler Bank at reduced valuation". The Paypers.
{{cite web}}: CS1 maint: url-status (link) - ↑ Norman, Samuel (12 February 2026). "UK fintech Zempler Bank snapped up for less than half previous valuation". CITY AM.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Cashplus upgrades mobile app with Google maps spend tracking feature".
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