OneBanx
OneBanx (Unified Financial Limited) is a UK fintech that operates multi-bank cash deposit and withdrawal kiosks via Open Banking-enabled self-service hardware deployed in building societies, bank branches, and retail sites, serving consumers, SMEs, and financial institution partners.
- Company typePrivate
- Founded2019
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What OneBanx does
OneBanx (legal entity: Unified Financial Limited, registered in Scotland) is a UK-based fintech that operates multi-bank cash deposit and withdrawal kiosks using Open Banking infrastructure. The platform allows customers of any UK bank to perform cash transactions at shared self-service kiosks deployed across building society branches, bank pods, supermarkets, shopping malls, libraries, and community hubs. The technology combines an Open Banking API layer with GLORY cash-recycling hardware, supporting cardless transactions via a consumer mobile app, QR codes, or contactless methods, with white-label partner applications such as the TSB Cash Kiosk.
The company operates a B2B2C model. Financial institutions — currently including TSB Bank, Newcastle Building Society, Principality Building Society, Ecology Building Society, Newbury Building Society, and Market Harborough Building Society — are paying partners through managed service fees, white-label licensing, and hardware provision. Consumer and SME end-users transact for free at the point of use. Co-op retail sites provide physical footprint but are not paying customers in the disclosed model. Revenue mechanics combine recurring managed-service contracts with transaction-based fees and partner licensing.
OneBanx is majority-owned (91.99%) by Glory Ltd (TYO:6457), a Japanese cash-automation leader with approximately £1.4 billion in annual revenue, which supplies the underlying cash-recycling hardware and serves as strategic investor. The company was founded circa 2019-2020, completed a Crowdcube round of approximately $1.52M in November 2022, and operates with a UK employee base of 11-50. Leadership transitioned in 2024 with founder Duncan Cockburn stepping down and Javed Anjum appointed CEO; Stuart Fearn MBE joined as CCO in March 2025 and former Vocalink CEO Gregor Dobbie sits on the board. A 2025 product initiative extends the platform from physical kiosks into an embedded Bank App API suite that enables partner institutions to integrate OneBanx functionality directly within their own mobile applications.
OneBanx firmographics
Firmographics- Name
- OneBanx
- Legal name
- Unified Financial Limited
- Website
- https://onebanx.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OneBanx (Unified Financial Limited) is a UK fintech that operates multi-bank cash deposit and withdrawal kiosks via Open Banking-enabled self-service hardware deployed in building societies, bank branches, and retail sites, serving consumers, SMEs, and financial institution partners.
- Ownership category
- akta.pro rank
OneBanx industry classification
Industry- Product category
- Open Banking Cash Access Infrastructure
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ)
- akta.pro secondary industries
- Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA), Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD)
Keywords
Where OneBanx is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices11 records
Markets served
OneBanx business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Managed Service Fees from Financial Institutions: OneBanx provides a fully managed service to banks and building societies, enabling cash transactions at secure, convenient shared offsite locations when they choose to close branches. Financial institutions pay for the managed service deployment.
- Transaction Processing: The platform facilitates cash deposits and withdrawals for consumers and businesses. Revenue is generated through transaction volumes processed at kiosks deployed in partner locations.
- White-Label Licensing: OneBanx offers white-label applications that financial institutions like TSB customize and brand for their own customers, generating licensing revenue.
- Hardware/Kiosk Provision: Deployment of kiosk hardware solutions with cash recycling technology provided by GLORY under a fully managed service model.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Consumer-facing service at kiosks |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
OneBanx product offering
Product offeringCore offering
OneBanx provides a managed-service cash access platform combining physical kiosks and Open Banking-enabled software, enabling personal and business customers of any UK bank to deposit and withdraw cash cardlessly at shared community locations. Financial institution partners (building societies and banks) deploy the white-label solution to maintain cash services without branch overhead, while consumers access the service via a mobile app or partner bank's app.
Product overview
OneBanx is a managed service platform providing multi-bank cash transaction infrastructure for the UK market. The core offering consists of the OneBanx Cash Kiosk and OneBanx Mobile App, which together enable customers of any UK bank to deposit and withdraw cash at shared physical locations. The platform is built on Open Banking technology and powered by GLORY's cash automation technology. Financial institutions can access the solution through a White-Label Banking App that allows customization and branding, or via Bank API Integration enabling cash access within existing bank apps. The Business Deposit Solution adds advanced features for SME customers including automated deposits, note/coin recycling, instant value, and delegation capabilities. The service is deployed across building society branches, supermarkets, shopping malls, and community hubs as a fully managed service.
Differentiator
Problem solved
Functional benefit
Products and services
- OneBanx Cash Kiosk Physical kiosk enabling personal and business customers to deposit and withdraw cash using any UK bank account via Open Banking. Supports cardless transactions through the mobile app and is deployed in building society branches, supermarkets, shopping malls, and community hubs.
- OneBanx Mobile App iOS and Android application that lets customers connect to multiple bank accounts, make cash deposits and withdrawals at OneBanx kiosks, check balances and transactions, and pay bills using cash. Cardless transactions are enabled via Open Banking.
- White-Label Banking App White-label application platform allowing financial institutions to customise and brand their own version of OneBanx's deposit and withdrawal solution. TSB uses this service branded as TSB Cash Kiosk App, enabling customers to access accounts on the Open Banking network.
- Bank API Integration Suite of secure APIs enabling partner banks to integrate cash deposit and withdrawal capabilities directly into their existing mobile banking apps. Allows customers to initiate and complete cash transactions from OneBanx kiosks using their bank's app without physical cards.
- Business Cash Deposit Solution Automated business cash deposit solution with note and coin recycling, instant value deposits, brandable interface, and delegation capabilities that allow trusted employees to deposit cash on behalf of businesses at OneBanx kiosks.
- Business Concierge / Delegated Deposit Service Service enabling businesses to delegate cash deposits to trusted employees, with remote KYC sign-up and remote cash limit configuration. Includes pre-ordering of change/float in needed denominations so it is ready at the kiosk.
Quantifiable outcome
- Thousands of UK consumers and businesses facilitated with cash transactions since 2020
- +2 more outcomes
Companies that use OneBanx
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
OneBanx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
OneBanx partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, key and supporting.
- GoCardless LtdcoreOneBanx acts as an agent of GoCardless Ltd for payment services. GoCardless is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (registration number 597190) for the provision of payment services.
- Moneyhub Financial Technology LimitedcoreOneBanx acts as an agent of Moneyhub Financial Technology Limited for account information services. Moneyhub is registered in England and Wales (company number 06909772) with FCA registration number 809360.
- TSBkeyTSB uses OneBanx's white-label application to power their TSB Cash Kiosk at a pop-up branch in Nottingham Victoria Centre. TSB offers full cash deposit, exchange and withdrawal services for small business and personal customers using OneBanx's open banking-enabled platform.
- Newcastle Building SocietykeyNewcastle Building Society has deployed OneBanx kiosks in multiple branches including Gosforth, Hexham, and Pickering. As the pioneering multi-bank kiosk in their new Pickering branch, OneBanx enables any customer to withdraw money and make cash deposits regardless of which bank they use. The society sees this as supporting their mission of face-to-face financial services.
- Principality Building SocietykeyPrincipality Building Society has a strategic partnership with OneBanx, launching kiosks in multiple Welsh branches including Cowbridge (first in Wales), Maesteg, Buckley, and Caerphilly. Principality is committed to maintaining all branches open until at least end of 2025 and sees the kiosks as supporting their members' access to cash.
- Ecology Building SocietysupportingEcology Building Society hosts a OneBanx kiosk at their Porth branch, providing cash deposit and withdrawal services for their members and the wider community.
- Newbury Building SocietysupportingNewbury Building Society hosts a OneBanx kiosk at their Thatcham branch, featured in BBC reporting, providing accessible cash services to the local community.
- Market Harborough Building SocietysupportingMarket Harborough Building Society hosts a OneBanx kiosk inside their branch on The Square, providing cash deposit and withdrawal services to the local community.
- Enryo ConsultingsupportingOneBanx and Enryo Consulting jointly published a whitepaper titled 'Cash as Payments Infrastructure' highlighting how focus on the high street and cash access supports a robust, inclusive payments infrastructure.
- Vocalink (Gregor Dobbie)supportingGregor Dobbie, former CEO of Vocalink, joined OneBanx's Board of Directors, bringing extensive experience in payments innovation and fintech leadership to guide the company's growth and innovation strategy.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
OneBanx competitors and assessment
Company assessmentDirect peers
- PayPoint: UK-listed multi-channel payments and cash services platform that enables consumers to pay bills, deposit cash, and access cash services at retail locations. Operates a similar shared-infrastructure retail deposit/withdrawal model in the UK that directly overlaps OneBanx's core cash-access proposition.
- NCR Atleos: Global ATM operator and cash access infrastructure provider (spun out of NCR). Operates the world's largest independently deployed ATM network with shared bank-cash-access functionality; the closest global comparable to OneBanx's kiosk-based shared cash infrastructure model.
- Post Office (Cash Services): UK Post Office provides personal and business banking services on behalf of UK banks, including cash deposits and withdrawals at ~11,500 branches. Functions as a national shared cash-access rail that OneBanx's kiosks directly substitute for or complement in branch-closure-affected communities.
- TrueLayer: UK Open Banking API infrastructure provider enabling account connectivity and payments across UK banks. Directly comparable on the Open Banking multi-bank connectivity layer that powers OneBanx's account-aggregation and transaction-initiation capability.
- Plaid: Global Open Banking and account aggregation platform. Provides the same multi-bank account connectivity primitive that OneBanx layers kiosk cash transactions on top of — a comparable infrastructure-layer competitor with similar enterprise customer base.
- Moneyhub Financial Technology: UK Open Banking account information and aggregation provider. Operates as OneBanx's actual regulated principal for account information services, making it both a peer (in account aggregation) and a critical infrastructure dependency.
- Banked: Open Banking payments platform enabling real-time payments directly from bank accounts. Closely comparable on the Open Banking payment-orchestration primitive that underlies OneBanx's cardless cash transaction flow.
Broad incumbents
- ClearBank: UK Clearing Bank and Banking-as-a-Service provider offering embedded banking infrastructure to fintechs and financial institutions. A broader-platform incumbent that competes in adjacent banking-infrastructure layers where OneBanx could expand via its API product.
- Tide: UK SME-focused digital business banking platform that includes multi-bank business deposit and cash handling features. A broader incumbent in small business banking that overlaps with OneBanx's SME business-deposit solution and could expand into kiosk-driven cash access over time.
- Brink's Cash Management (UK): Global cash-in-transit and ATM outsourcing provider operating significant UK ATM and cash management infrastructure. Adjacent competitor with comparable client base (banks/building societies) and overlapping interest in shared cash-access infrastructure.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
OneBanx social profiles
Digital presenceOneBanx compliance and trust
Trust signalCompliance2 records
OneBanx financial estimates
Financial estimateRevenue estimate
Valuation estimate
OneBanx leadership team
Management profileNumber of profiles
Profiles5 records
OneBanx funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OneBanx M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OneBanx
What does OneBanx do?
OneBanx provides a managed-service cash access platform combining physical kiosks and Open Banking-enabled software, enabling personal and business customers of any UK bank to deposit and withdraw cash cardlessly at shared community locations. Financial institution partners (building societies and banks) deploy the white-label solution to maintain cash services without branch overhead, while consumers access the service via a mobile app or partner bank's app.
Is OneBanx a public or private company?
OneBanx is a private company. It is classified as corporate owned and is currently operating.
When was OneBanx founded?
OneBanx was founded in 2019. It employs 11 to 50 people.
Where is OneBanx based?
OneBanx is headquartered in London, United Kingdom, in the Europe region.
How does OneBanx make money?
Four revenue lines are on record. Managed Service Fees from Financial Institutions are the primary driver. The others are transaction Processing, white-Label Licensing and hardware/Kiosk Provision.
Who are OneBanx's main competitors?
Direct peers on record are PayPoint, NCR Atleos, Post Office (Cash Services), TrueLayer, Plaid, Moneyhub Financial Technology and Banked. Broad incumbents are ClearBank, Tide and Brink's Cash Management (UK).
Does OneBanx have an API?
Yes. OneBanx is developing a suite of secure APIs that will enable partner banks to offer their customers the ability to initiate and complete cash deposits and withdrawals from OneBanx kiosks using their existing mobile banking apps. This integration ensures that customers can access cash without the need for physical cards or third-party digital wallets. The APIs are being actively piloted with partner banks with plans to roll out the service later in the year.
What industry is OneBanx in?
OneBanx's product category is Open Banking Cash Access Infrastructure. Its primary akta.pro industry code is FSAMAOAJ, Cash Access & Cardless ATM Withdrawal Services, with a secondary code of FSAGACAA, Account Aggregation & Connectivity (Multi-bank linking). Its NAICS code is 5221 and its SIC code is 6099.