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Digital bank posts £5.2m profit before tax, marking a year of significant investment in new capabilities
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Gross revenues rise 7% to £68.2m
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Customer deposits climb 15% to £624m
Zempler, the digital banking provider offering accounts and lending solutions for UK small businesses, has released its full-year financial results for the 12 months ending 31 March 2025, reporting a pre-tax profit of £5.2m — a 58% increase on the previous year — from gross revenues of £68.2m.
The results highlight strong momentum, with the bank achieving three consecutive years of pre-tax profit growth. This performance comes despite substantial investment, including a major enhancement of Zempler’s fraud and economic crime prevention capabilities, the launch of its new “Pro” business current account tailored for larger enterprises, and the completion of a comprehensive rebrand to Zempler Bank.
Zempler Bank was previously known as Cashplus Bank and rebranded in July 2024.
The firm recorded a slight uptick in business customer numbers to just over 170,000 open accounts, in line with the management team’s focus on optimising growth and accruing capital to support higher levels of lending to UK businesses. The bank’s cost-to-income ratio also improved by three percentage points.
There was also a 15% increase in customer deposits to £626m. This follows the launch of new savings pots within the business current account.
Rich Wagner, CEO, Zempler Bank: “Zempler’s growing profitability will be a key driver of our strategy over the next 12 months as we continue to optimise our business, strengthen our capital position and diversify our business through lending growth.
“This plan creates a clear path to scaling our business and creating ever greater value for the businesses and consumers that we serve, for our fantastic colleagues and for our shareholders.
“The year ahead is set to hold challenges for many of our customers and we know that confidence in the UK economy and the spending power of consumers is under pressure from macroeconomic conditions and that many small firms are facing an increasing tax burden. We will do everything we can to support those businesses with products that make their life simpler, exemplary service delivered by our UK in-house team, located in Liverpool, and the access to lending that is too often unavailable to small or early-stage UK businesses.”
