BankingBusiness

Recognise Bank: Unveils expansion plans to transform SME banking in the UK

Recognise Bank: Unveils expansion plans to transform SME banking in the UK

  • Recognise Bank announces ambitious growth plans following a successful £25m cash raise completed earlier this month
  • The bank has raised over £95m in investment so far to provide support to UK SMEs, with the Bank’s largest investor, PV27
  • The capital injection will underpin a significant expansion in SME lending over the next 12 months.
  • The bank’s CEO, Jean Murphy, is confident that the power of the Recognise brand will increasingly resonate amongst UK SMEs.
  • To date, Recognise has provided £115m commercial loans to business customers, and options include commercial mortgages
  • The bank is investing heavily in its digital capabilities to support a fast-growing reputation for quick decisions
Previous article
Swift: Hails results of blockchain pilot for corporate actions data
Next article
The Importance of API Quality in Today’s Digital World
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.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...