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

March 25, 2023