Cashplus Bank, a UK challenger bank, will rebrand as Zempler Bank in the coming months. The new name represents the company’s commitment to making money simpler through its range of digital banking products for microbusinesses and consumers and to providing exemplary levels of service.
The change in name also reflects the company’s evolution to become an authorised UK bank with a strong focus on serving microbusinesses and start-ups – a population of over 5 million businesses, that the company says remains poorly served by traditional UK banks.
Over the past five years, Cashplus has delivered a range of products and features tailored to the needs of those businesses, including a new microbusiness current account that includes automated payment tracking and spend categorisation and market leading cashback, Business Creditbuilder, a unique tool to help new businesses improve their credit score, and a business credit card with a range of innovative payment features.