Cashplus to acquire icount’s portfolio

Banking and credit service provider Cashplus has signed a definitive agreement to acquire the current account portfolio of icount.

The portfolio is 5,000 strong, according to Business Live. The companies did not disclose the amount of the deal.

“2021 is set to be a very exciting year for Cashplus,” said Rich Wagner, CEO at Cashplus, when speaking with Business Live. “Our anticipated upcoming authorisation as a bank will allow us to better serve the UK small businesses and consumers that need our banking and credit services, and I’m pleased that we’ll be starting the year with this acquisition as a sign of our confidence.”

“In times of uncertainty customers want to know that their money is entrusted to a sustainable provider with a viable long-term future, we are well positioned to welcome more of those customers, whether through our own channels, existing and new partnerships, or deals like this one with icount.”

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