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Private company

Zempler Bank Ltd

Logo: LondonCC21, CC BY 4.0, via Wikimedia Commons4

British challenger bank and prepaid card operator

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.2 It was founded by Richard Wagner.1 Its chief executive is Richard Wagner.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2005Founded1
  • Industryfinancial services1
  • HeadquartersLondon1
  • Websitewww.cashplus.com
  • Legal formPrivate Limited Company3
  • LEI21380039DXZZIN38WR683
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressCottons Centre, SE1 2QG London, United Kingdom3
  • Registered withCompanies House, 049470273

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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. 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. In 2026 it was acquired by The Access Bank UK, the subsidiary of Nigeria's Access Bank, and now operates as an independent subsidiary.2

The story

Founded by Richard Wagner in 2005.1

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.

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.

In July 2024, the bank rebranded as Zempler Bank, retaining founder Rich Wagner as chief executive.

From Wikipedia’s article on Zempler Bank, shared under CC BY-SA 4.0.5

Leadership

Who has led Zempler Bank Ltd, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • bank account
  • corporate bank account
  • credit card
  • debit card

Listed on Wikidata.1

Business Banking

Zempler Bank offers business current accounts aimed at sole traders, freelancers, and SMEs, managed digitally and supplied with a Mastercard debit card. Accounts include tools for invoicing, digital receipt capture and cash flow tracking and can be connected to third-party accounting software including Xero, QuickBooks, and Sage through Open Banking. The bank is one of the largest business current account providers covered by the Competition and Markets Authority's mandatory service-quality survey.

Personal banking and credit

The bank provides personal current accounts to personal customers across the UK, with features including an overdrafts facility. They also provide personal and business credit cards, subject to eligibility.

Read the full text

International payments

In April 2025, Zempler introduced an outbound international payments service for business customers through an integration with the Wise Platform, initially enabling transfers to USD accounts in the United States and EUR accounts in the SEPA region from within its app.

From Wikipedia’s article on Zempler Bank, shared under CC BY-SA 4.0.5

Acquisitions

In February 2026, The Access Bank UK agreed to acquire a 100% shareholding in Zempler Bank. The transition received regulatory approval from the Prudential Regulation Authority and the Financial Conduct Authority, and completed in 2026, after which Zempler began operating as an independent subsidiary of Access Bank UK. Reports valued the bank at around £80 million; commentators linked the lower valuation to pressure on UK SME lending.

From Wikipedia’s article on Zempler Bank, shared under CC BY-SA 4.0.5

Timeline

  1. 2005Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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