Zempler Bank (formerly Cashplus Bank) is a UK-based digital challenger bank focused on micro-businesses, sole traders, freelancers, SMEs, and personal customers. Originally launched in 2005 as Cashplus, a prepaid card operator, the company applied for a banking licence in 2017 and became a fully regulated UK bank in February 2021 after the Prudential Regulation Authority granted authorisation. The bank rebranded from Cashplus Bank to Zempler Bank on 9 July 2024. Zempler offers business and personal current accounts with contactless Mastercard debit cards, credit cards, overdrafts, Creditbuilder products, invoice and cash flow tools, and integrations with accounting software including Xero, QuickBooks, and Sage via Open Banking APIs. The bank is a participant in the Current Account Switch Service and reported a pre-tax profit of GBP 3.3 million on revenues of GBP 70 million for the year ended 31 March 2024, and GBP 5.2 million pre-tax profit with GBP 68.2 million total interest, fee and commission income for the year ended 31 March 2025.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2005
Employees
300–415
Total Funding
$58.75M
4 rounds
Total raised $58.75M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
seed
Date
October 26, 2022
Amount
Undisclosed (seed round into related entity Weego per PitchBook)
Valuation
—
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| October 26, 2022 | seed | Undisclosed (seed round into related entity Weego per PitchBook) | — | |
| October 2021 | grant | GBP 5M (BCR Pool F award) | — | Banking Competition Remedies (BCR) |
| February 2021 | growth | Approx. GBP 50M capital raise (announced post banking-licence approval) | — |
Dominic Wade
Chief Executive Officer and Board Director
Mark Sismey-Durrant
Chair of the Board
Rich Wagner
Founder / Advisor to the Board (former CEO)
Richard Bastin
Chief Technology Officer
James Pearson
Chief Risk Officer
Solomon Osagie
General Counsel
Dominika Alzapiedi
Chief People and Talent Officer
Alexandra Rice
Chief Product and Customer Experience Officer
Nick Biggam
Commercial Director
Victoria Wells
Operations Director
Paul Schooley
Decision Intelligence Director
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Tide
UK-based SMB banking platform (EMI partnered with ClearBank) offering business accounts, invoicing, and expense tools to sole traders and limited companies.
Starling Bank
Fully licensed UK digital bank offering business and personal current accounts with FSCS protection and no monthly fees.
Monzo
UK-licensed digital bank offering personal current accounts and business accounts for sole traders and limited companies via app-led experience.
Revolut
Global neobank offering multi-currency personal and business accounts, international payments, and team management features; received UK banking licence with restrictions in 2024.
Wise
Publicly listed UK fintech (LSE: WISE) offering multi-currency accounts, low-cost cross-border payments, and business accounts; an alternative to Zempler for international SMB needs.
ANNA Money
UK business banking app for freelancers and SMEs offering admin, invoicing, and tax tools (EMI, not a licensed bank).
No. Zempler Bank is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in Zempler Bank shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that Zempler Bank will complete an IPO or other liquidity event.
Yes, it is sometimes possible to buy Zempler Bank shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.
Buyers interested in buying Zempler Bank shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.
Zempler Bank's latest disclosed funding round was a seed round in October 26, 2022. The round raised approximately Undisclosed (seed round into related entity Weego per PitchBook). Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete.
Zempler Bank has raised approximately $58.75M in disclosed funding across 4 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track Zempler Bank's funding history alongside private-market activity where available.
Zempler Bank's disclosed investors include Banking Competition Remedies (BCR). Investor lists are based on public reporting, company announcements, and collected funding-round data, and may be incomplete. Participation in a prior funding round does not mean those investors are currently buying or selling shares. On SetterVC, eligible users can review Zempler Bank's funding history, valuation history, and private-market activity alongside other venture-backed companies.
Zempler Bank's most-cited competitors include Tide, Starling Bank, Monzo, Revolut, Wise and ANNA Money. Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.
Secondary-market demand for Zempler Bank shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.
Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.
Yes, current and former Zempler Bank employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.
A Zempler Bank secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify Zempler Bank through a share transfer notice or similar process. If Zempler Bank or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.
In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.
Buying Zempler Bank shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.
Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.
SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.
Before buying Zempler Bank shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.
SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.
Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.
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