Zempler Bank, previously operating under the name Cashplus, is a British challenger bank and prepaid card operator offering business bank accounts and contactless Mastercard cards across the UK. This rebranding in July 2024 marked a significant chapter in the bank's history, reflecting its growth and evolution in the financial services sector.

Founded in 2005 as Cashplus, Zempler Bank initially made its mark as a prepaid card operator, quickly becoming a prominent player in the European market. By 2008, it had risen to the top of the prepaid services sector, utilizing Mastercard credit cards to facilitate its operations.

In 2017, the company set its sights on broader horizons, applying for a UK banking license as part of its strategic plan to expand its service offerings. This goal was realized in 2021 when it was granted a full banking license, transitioning from a prepaid service provider to a fully regulated UK bank. The transformation from Cashplus to Cashplus Bank solidified its position as a key player in the UK’s burgeoning challenger bank scene.

The rebranding to Zempler Bank in July 2024 represents the latest step in the bank’s ongoing evolution. This change signifies not just a new name but also a renewed focus on innovation and service in the competitive digital banking landscape of the UK.