Zempler Bank
Formerly Cashplus; SME-focused.
- Who holds it
- The company itself — it holds a full banking licence — Full UK banking license (PRA/FCA, Feb 2021, ex-Cashplus); FSCS-protected.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Zempler Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · SMB & startups |
| HQ | London, UK |
| Founded | 2005 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Full UK banking license (PRA/FCA, Feb 2021, ex-Cashplus); FSCS-protected |
| Card | MC · Business debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
Verified links: official site ↗
Common questions about Zempler Bank
What is Zempler Bank?
Zempler Bank is a fiat neobank built for SMB & startups, headquartered in London, UK and founded in 2005. Your money is held custodially, so Zempler Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Full UK banking license (PRA/FCA, Feb 2021, ex-Cashplus); FSCS-protected).
Does Zempler Bank have a card, and where can you use it?
It issues a Mastercard business debit card. It is available in Europe.
Does Zempler Bank require KYC?
Yes. Zempler Bank requires identity verification (KYC) to open an account, as a licensed bank.
Head-to-head
Zempler Bank vs ANNA Money · Zempler Bank vs OakNorth · Zempler Bank vs Allica Bank
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Zempler Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Europe (144) · Neobanks for small businesses and startups (33) · Neobanks that issue a Mastercard (150) · Neobanks in United Kingdom (29)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.