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Cashplus Bank
Bank for UK small businesses
- 201-500 employees
- Fintech
- B2B
- Banking
- Payments
- Financial Services
- London, UK
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Company mission
To provide faster, smarter, simpler banking for the entrepreneurs, independent businesses and consumers that power the UK economy, yet are too often overlooked by high street banks.
16% employee growth in 12 months
Our take
Over 99% of businesses in the UK are small or medium-sized enterprises, representing a significant contribution to the economy. However, securing funding to kickstart a small business can be exhausting, with even modest loans from high street banks require a strong credit footprint, which is impossible to build without obtaining said loans. Cashplus Bank exists to supply loans to SMEs, as well as to provide a toolkit to simplify management of their finances.
Cashplus Bank, the leading fintech bank for UK small businesses, supplies a range of services from accounts and payments to credit builders and credit cards. The company has operated since 2005, continuously delivering innovations for small business finance, and became a bank in 2021. It is unique in its focus on SMEs and their specific needs to reduce time-spent on financial tasks, which currently dominate the operating time of small businesses.
Cashplus Bank has a strong profit record and has served millions of customers. The company continues to partner with fintech companies, releasing business credit cards in late 2022 and e-Cards in partnership with Mastercard in early 2023. It is continuing its strong trajectory and delivering much-needed products tailored to SMEs.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- We are very proud to offer one of the most flexible hybrid working arrangements in the industry! The expectation for this role will involve a minimum of one day each month - working out of our London Bridge office
- 7.5% of salary in cash allowing you the flexibility to decide your own benefits (or simply take the cash)
- Share Option Scheme
- 26 days’ holiday increasing each year of service to 33 days
- Ability to buy and sell a further 5 days holiday each year
- 4 x Life Assurance
- Pension salary sacrifice
- Family friendly policies
- Regular social activities and team events
- Charity Volunteering Day
Company values
- We innovate with purpose
- We are upfront
- We do it right
- We are all in
Funding (2 rounds)
Oct 2021
$6.4m
GRANT
May 2006
$0.5m
EARLY VC
Total funding: $6.9m
Leadership
Rich Wagner
(CEO)Former Director at Barclaycard UK. Previously COO at Providian Financial, and was Vice President at Visa.