BankingBusiness

Recognise Bank: Secures £25m investment

Recognise Bank: Secures £25m investment

  • Recognise Bank Limited is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority
  • Conditionally raised a further £25 million in investment from its group’s largest shareholder
  • The fresh investment will be used to support commercial lending and to fund the continued development of new products
  • Launching in November 2020 and getting its full license less than a year later in September 2021
  • The new investment means raised over £95 million so far on its mission to revolutionize small business banking in the UK
  • The investment announced today comes from existing shareholder, PV27, a group investment company
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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