UK fintech Zempler Bank snapped up for less than half previous valuation Fintech London-based fintech Zempler Bank has been snapped up by Nigeria’s biggest bank in a deal that has slashed the firm’s valuation, Morning Wire can reveal. The small business lender – formerly known as Cashplus – has been acquired by The Access Bank UK with a price tag of around £3.45p per share. The sale represents [...]
Zempler Bank grows profit on the back of high interest rates Fintech Zempler Bank has recorded its third consecutive year of profitability after a cheering jump in customer deposits and a strong performance in interest income. The UK fintech – formerly known as Cashplus – recorded a 58 per cent leap in pre-tax profit to £5.2m for the year ending March 31 2025. It comes as deposits [...]
Zempler Bank begins layoffs after announcing jump in profit Banking The boss of challenger bank Zempler privately told staff he would lay off around five per cent of its workforce on Monday, just as the company publicly announced a jump in profit in its latest financial year, Morning Wire can reveal. In an email to staff, seen by Morning Wire, the digital bank’s chief executive, [...]