Proving it’s possible
Banking services shouldn’t get in the way of life, they should enrich it. Although we’re not a bank, we build on 14 years of success, to continue to create the UK’s most seamless banking services experience. From introducing the first UK prepaid card to being the first non-bank to offer a current account, we’ve been offering innovative products to 1.6 million customers long before the new guys showed up.
An outstanding track record
2,200,000
Total cards issued to date
£15,000,000,000
Total payments processed to date
Leading the fintech revolution before 'fintech' was a thing. Cashplus is the original UK challenger to banks and the only one to become profitable.
We built on our history of innovation with the UK’s first credit card gambling block, as well as offering a full set of degradable bank cards – another UK first.
We hit £10 billion in transaction volume - with 71% carried out by our SME customers. We also celebrated record profits for the 7th year running!
6 years profitable 36% rise from 2016; nearly 100,000 business accounts opened; a £30 million funding line from Natwest and BCI to expand our lending. And, voted Best Challenger Bank in the World by Paybefore, even though we're not a bank(!).
We launched a bond of £5 million giving investors the opportunity to profit from our success. We were also granted full FCA consumer credit permissions.
Breaking access barriers once more we became the first and only non-bank to provide banking services through the Post Office, giving our customers access to the largest over-the-counter banking network in the UK.
We launched the UK's first instant approval, online business current account. Also named one of the London Stock Exchange's Companies to Inspire Britain.
A big year for us processing over £1 billion in payments and exceeding 1 million cards issued since the company launched
We became cashflow positive posting a profit of £500,000. We also launched our consumer lending business.
We made history as we launched the first Creditbuilder product in Europe, now helping 30,000+ customers p.a. improve their credit rating.
A milestone for us becoming a principal member of Mastercard.
We were founded! With £7.4 million of funding, we launched the UK's first general purpose prepaid card.
Ingenious products, simply delivered
We haven’t just talked big, we’ve spent over a decade building a suite of digital banking services, offering instant online application decisions and real-time account information, perfect for an online, on-demand generation.
Debit
From our award-winning instant current accounts, to business expense cards, to travel currency cards, we have a tailored solution, with ground-breaking features, to help businesses and individuals make their money work harder for them.
Credit
For startups struggling to get a financial foothold, and consumers looking to build or re-build their credit rating, Cashplus can provide a cashflow boost with our unique instant credit solutions and credit cards. And we’re the only UK challenger to banks with a solution that helps to stop Direct Debits rejecting and purchases being declined.
Products packed with unconventional extras
Creditbuilder Helping our customers trying to build their credit history.
Find out moreDebit Protect Unique lending solution that helps to ensure our customers don't miss their Direct Debit payments.
Find out morePost Office loads Our deal with the Post Office gives Cashplus customers access to 11,500+ UK Post Offices, to pay-in funds real-time and withdraw cash.
Find out moreMerchant settlement accounts With Special features for SME lenders
Find out moreOnline instant KYB/KYC Returning a decision in 5 seconds and allowing us to cut down the time it takes for customers to apply, from days to minutes
For people who agree ‘no’ is not an option and now is never soon enough
For entrepreneurs boldly setting up a new business, savvy online shoppers protective of their personal details and wages, and anyone standing up to a banking system that has turned its back on them, Cashplus is the first choice.
SME’s
For nearly 100,000 small to medium businesses, the journey to entrepreneurship has started with Cashplus. 40% came to us after they were declined by a High Street bank. The rest were mostly drawn by our guaranteed instant account opening, once the business and personal details are verified, and for our integration into accounting software for easy cashflow management and tax preparation.
Sole Traders
For plumbers, taxi drivers, market traders, pub landlords… (we could go on), the Cashplus Business Account is the first choice, with no credit or trading history, or time consuming branch visits required.
Startups
With the help of over 650 leading accountancy, company formation and sharing economy partners, as well as through our direct links with Companies House, we can get an account opened in as little as 3 minutes, for the nearly 600,000 new Limited companies formed per year.
Contractors
Our account opening speed has saved thousands of contractors, caught off guard by the HMRC requirement to have a business account set up to receive their payments.
Consumers
There are 8+ million British consumers sick and tired of the barriers that make everyday banking a chore. For those rejected by the banks or think the banks should be doing better, our debit and credit services aren’t just an alternative but a leap forwards in design, delivery and functionality. So we’re now the primary banking services provider for 30% of our customers – a 200% increase in the last 3 years.
A name you can trust
We’re authorised, regulated and licensed by the FCA, and the Cashplus Group directly holds all licences and permissions to issue and manage both our consumer credit and e-money products ourselves, unlike most neo and challenger banks.
Mastercard
Principal member of Mastercard
emoney
Licensed to issue e-money by the FCA
UK Finance
Member of UK Finance
Meet our Executive Team - with over 250 years' experience across 4 continents
Rich Wagner CEO & Board Director
Paul Schooley Chief Operating Officer
Bob Van Breda Chief Financial Officer
Donna Cunliffe Operations Risk Director
Terms and Conditions apply, including applicants being resident in the UK & aged 18+ and, if relevant, businesses being based in the UK. For full website terms including information on Cashplus, Mastercard and use of Trademarks, please see our full legal disclosures at https://www.cashplus.com/legal/. **Credit facilities are provided by Advanced Payment Solutions Ltd (APS) and are subject to the AFL Cashplus e-money account being in good standing and applicants aged 18+. APS is authorised and regulated by the Financial Conduct Authority for consumer credit activities (Registration No. 671140). ♦Calls to 03 numbers cost no more than a national rate call to a 01 or 02 number and will count towards inclusive minutes in the same way as 01 and 02 calls. Calls may be recorded.
