Originally founded in 2005 as Advanced Payment Solutions Ltd (APS), Cashplus started by offering prepaid Mastercards to customers who were underserved by traditional banks. Over the years, it expanded its services to include business accounts, credit facilities, and other financial products. A significant milestone was achieved in February 2021 when the company was granted a full UK banking licence by the Prudential Regulation Authority (PRA). Operating as Cashplus Bank, its mission is to provide fast, simple, and smart banking services to UK small businesses, sole traders, and consumers, leveraging its proprietary technology to offer accounts, payments, and credit services efficiently.

Founded in

United Kingdom