Recognise Bank: Announced a successful £14 million capital raise

Recognise Bank: Announced a successful £14 million capital raise

• Recognise Bank was created to change the face of SME banking in the UK
• The Bank combines personal service with cutting edge cloud-based banking technology
• The latest capital raise clears the way for the removal of deposit restrictions by the PRA
• Major shareholder Ruth Parasol increases her investment
• Creating a network of regional hubs with experienced Relationship Managers who work directly with small businesses and advisers
• The bank embraced the latest cloud-based banking technology to provide SMEs with quicker lending decisions