Cashplus Bank logo — The specialist bank for UK small business

Cashplus Bank

The specialist bank for UK small business

Founded 2005 United Kingdom London, United Kingdom 425 employees Grant Total: $5.50M Financial Services, Fintech +2

General Information

Company Name Cashplus Bank
Founded Year 2005
Location United Kingdom London, United Kingdom +1
Employees 425
Industries Financial Services, Fintech, Payments +1
Funding Stage Grant
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About Cashplus Bank

Cashplus Bank, founded in 2005, has established itself as a leading UK challenger bank catering specifically to small businesses. With the slogan, "The specialist bank for UK small business," Cashplus Bank provides digital current accounts tailored for entrepreneurs and independent businesses, addressing the underserved sectors often overlooked by traditional banks.

Operating from the United Kingdom, the bank offers a user-centric digital platform that serves over 1.6 million customers, focusing on efficient banking solutions that save users time and money. Their services include corporate solutions such as expense management and bulk payment services, enhancing cash flow and operational efficiency for businesses.

The company recently secured a £5.00M grant investment from the Capability and Innovation Fund in October 2021. This investment underscores the bank's growth trajectory in the Financial Services, Fintech, and Payments industries.

Positioned as a true fintech pioneer, Cashplus Bank continues to expand, offering innovative financial solutions for small businesses while benefiting from an established, stable business foundation.

Taxonomy: Challenger Bank, Small Business Banking, Digital Banking Platform, Fintech Solutions, Corporate Expense Management, Bulk Payments Service, Instant Account Opening, Entrepreneurial Banking, Independent Business Services, User-Friendly Solutions, Specialised Lending, Data-Driven Intelligence, Consumer Debit Accounts, Financial Services Innovation, Hybrid Work Environment

Services & Products

Business bank accounts
Cashback on card spend
Savings pot with interest
In-app banking and online banking
Cash deposit services at UK Post Offices
Integrated accounting tools
Fraud monitoring and protection
Credit cards and creditbuilder services

Target Customers

Small businesses Sole traders Startups Hospitality businesses Retail businesses Construction businesses UK registered companies

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Grant £5.00M 1 20 Oct 2021
Venture Round $500.00K 1 01 May 2006

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FAQ About Cashplus Bank

The specialist bank for UK small business
Cashplus Bank was founded in 2005.
Cashplus Bank is headquartered in London, United Kingdom.
Cashplus Bank operates in the following industries: Financial Services, Fintech, Payments, Banking.
Cashplus Bank has approximately 425 employees.
Cashplus Bank has completed 2 funding rounds, raising a total of $5.50M. The latest funding stage is Grant.
Cashplus Bank offers: Business bank accounts, Cashback on card spend, Savings pot with interest, In-app banking and online banking, Cash deposit services at UK Post Offices, Integrated accounting tools, Fraud monitoring and protection, Credit cards and creditbuilder services.
Top alternatives and competitors to Cashplus Bank include Paynetics, sendingmoney.org, BCS Bank, Bankera, Ensurre. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Cashplus Bank and Paynetics are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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