BankingBusiness

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
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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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