Advanced Payment Solutions

Founded in 2005 as Advanced Payment Solutions (APS), the company initially focused on providing prepaid Mastercards and payment solutions, particularly for individuals and businesses overlooked by traditional high street banks. Over the years, it expanded its product suite to include current accounts, business expense management, and credit products. In February 2021, after being granted a full UK banking licence, the company began operating as Cashplus Bank, solidifying its transition from an electronic money institution to a fully-fledged digital bank. Its mission is to provide fast, simple, and accessible banking services for UK small businesses, sole traders, and consumers.