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