May 14, 2024

Cheddar Wins 'Best Newcomer' at the British Bank Awards 2024

Discover how Cheddar's innovative banking solutions and outstanding customer satisfaction led to our prestigious win at the British Bank Awards.

Luke Ladyman, Co-founder & COO

We are thrilled to announce that Cheddar has won the prestigious 'Best Newcomer' award at the British Bank Awards 2024. This recognition marks a significant milestone in our journey, reflecting our commitment to providing innovative financial solutions and exceptional customer service.

Members of Team Cheddar collecting their British Bank Award. Left to right: Mauricio Toro-Bermudez, Luke Ladyman, Tariq Zaid and Mustafa Hussain.

A Night to Remember

The British Bank Awards, held on Thursday 9th May 2024, at the Landmark Hotel in London, is often referred to as the "Oscars of the banking world." This year, the event brought together over 375 industry leaders, innovators, and enthusiasts under one roof to celebrate excellence in financial services. The awards are highly regarded as they are determined by customer votes, making them a true reflection of customer satisfaction and trust.

Members of Team Cheddar attend the awards.
Left to right: Luke Ladyman (Co-founder & COO), Tariq Zaid (Co-founder & CEO), Mustafa Hussain ( Customer Operations Lead) and Mauricio Toro-Bermudez (Data Scientist)

What Sets Cheddar Apart?

Since our launch in 2022, Cheddar has been dedicated to revolutionising the banking experience including democratising rewards and making payments easier for everyone.

We pride ourselves on offering seamless, user-friendly financial solutions that help our customers manage their money more effectively. One of the standout features of Cheddar is our innovative cashback program, which allows users to earn rewards effortlessly and instantly on everyday purchases. This feature has been a hit with our users, earning us almost perfect scores in customer reviews and contributing significantly to our win at the awards.

Customer-Centric Approach

At Cheddar, our customers are at the heart of everything we do. Winning the 'Best Newcomer' award is not just a testament to our innovative product offerings but also to the trust and loyalty of our users. We continuously strive to listen to our customers' needs and feedback, ensuring that we evolve and improve our services to meet and exceed their expectations.

Looking Ahead

This award is just the beginning. We are committed to continuing our mission to make banking easier, more accessible, and more rewarding for everyone. We have exciting plans for the future, including new features and improvements that will enhance the Cheddar experience even further. Stay tuned for more updates as we continue to innovate and push the boundaries of what’s possible in the world of banking.

A Heartfelt Thank You

We want to extend our heartfelt thanks to all our customers and supporters who have been with us on this journey. Your votes, feedback, and trust have been invaluable in helping us achieve this incredible milestone. We couldn’t have done it without you!

Headline Award Winners

  • Best British bank – Chase
  • Best newcomer – Cheddar
  • Innovation of the year – Sibstar
  • Best banking app – Starling Bank
  • Best ethical financial provider – Triodos Bank
  • Customer service champion – Marsden Building Society
  • Treating customers fairly champion – Newbury Building Society
  • Personal finance journalist of the year – Felicity Hannah
  • Best building society – Darlington Building Society
  • Best money content creator – Sammie Ellard-King

Banking-specific Award Winners

  • Best alternative finance provider – CapitalRise
  • Best business banking provider – Monzo
  • Best business finance provider – Allica Bank
  • Best credit card provider – Zopa
  • Best current account provider – Chase
  • Best investments provider – Moneybox
  • Best specialist mortgage provider – Leek Building Society
  • Best mortgage broker – Tembo
  • Best online trading platform – Freetrade
  • Best personal finance app – Chip
  • Best personal loan provider – Zopa
  • Best savings provider – Shawbrook Bank
  • Best children’s financial provider – Starling Bank
  • Best building society savings provider – Darlington Building Society

Money content creator Award Winners

Partner Award Winners

  • Marketing and PR partner of the year – Square 1 Media
  • The pioneer award – Capco
  • RegTech partner of the year – ComplyCube
  • Technology partner of the year – ClearBank
  • Consultancy of the year – Capco

Curious to learn more about the British Bank Awards? Read more about the event here.

Join us as we celebrate this exciting win and look forward to an even brighter future with Cheddar. Here’s to making banking better, together!

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© 2022 Cheddar | Cheddar is the trading name of Cheddar Payments Limited, a company registered in England and Wales (No. 12895809).

Cheddar Payments Limited is authorised and regulated by the Financial Conduct Authority. Our Firm Reference Number is 940075.