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