Recognise Bank has rasied £25m from its largest investor PV2
IN BREIF:
- Recognise has raised over £95m
- Recognise has so far provided £115m in commercial loans to customers
- Loans range from £500k to £5m and options include commercial mortgages, bridging loans, professional buy-to-let loans, with asset finance currently being developed for launch later in the yea
What does this mean?
"Recognise Bank is well placed to significantly grow its lending book over the next 12 months and beyond," said Jean Murphy, CEO. "Our parallel investment in building our technology capabilities is already delivering service and efficiency improvements, all of which feed through to a much better experience for our lending and savings customers and our excellent broker partners."
