Digital SME bank Cashplus to expand its Liverpool city centre operation and create 150 new jobs. Tony McDonough reports

Cashplus Bank is to create 150 new jobs by expanding its operations in Liverpool.

Specialising in providing digital banking to 1.6m small and medium-sized firms, Cashplus currently employs 250 people in London, Birmingham and Liverpool. The business was founded in 2005.

It aims to double its presence in the North West over the next five years. This will lead to the creation of 150 new jobs at its Liverpool base in The Spine office building in Paddington Village.

Staff in Liverpool include the company’s operations, customer services and complaints teams as well as roles in departments including commercial and technology.

As part of the expansion, Cashplus staff will continue to be provided with free travel passes to use on the Paddington Shuttle service. This provides employees with direct connectivity from nearby car parks and train stations to The Spine.

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Colin Webb, operations director at Cashplus Bank, said: “The business case for expanding our second headquarters in Liverpool, and doubling down on our commitment to the North West, was straightforward and easy.

“This is a dynamic city and one of the UK’s biggest financial centres with a wide community of financial services and technology experts, not to mention an excellent future talent pool with two leading universities.

“Over the next few years, we hope to further continue to grow our presence in Liverpool, bringing jobs and opportunities to the area.“

Cashplus moved into The Spine in September last year after taking space within the Sciontec AI space, operated by Sciontec Developments.

Leanne Katsande, head of commercial at Sciontec, added: “Attracting Cashplus Bank to The Spine was a significant moment for Sciontec.

“Having a fast-growing, leading UK Fintech brand located within the Sciontec AI space has not only added to the dynamic ecosystem, but is a driver for even greater job creation, economic growth, and innovation in the coming years.

“We are excited to see what the future has in store for Cashplus and look forward to helping it grow its presence in the building and the wider Knowledge Quarter Liverpool Innovation District in the years to come.”