Zempler, the provider of digital bank accounts and lending products for UK small businesses, has published its full year results for the financial year ending 31st March 2025, announcing a pre-tax profit of £5.2m, a 58% increase year-on-year, from gross revenues of £68.2m.

The performance represents good progress, with three years of consecutive increases in profit before tax despite continued investment including a major upgrade in Zempler’s capabilities in tackling fraud and economic crime, the launch of a new “Pro” business current account product for larger businesses and a full 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.”