This successful capital raise is proof that we are on the right trajectory.”
“We set out on a mission to help the UK’s growing small and medium sized businesses, who need expert support more now than ever before. Jason Oakley ( pictured), chief executive officer of Recognise Bank, said: “This is a major milestone in our journey to create Recognise Bank and change the complexion of SME banking in the UK. As a fully authorised bank, Recognise will be able to offer a much wider range of services to business and personal customers.” Recognise combines personal service with the cutting-edge digital banking technology to increase speed and service to its customers. She said: “Recognise is the right bank, with the right team, to change SME business banking in the UK. The capital raise includes an additional £10m investment by existing shareholder Ruth Parasol, who is real estate investor and entrepreneur Ruth Parasol. According to Recognise Bank, it plans to offer savings accounts to personal customers in the coming weeks, then business customers later this year and personal savers in the next five years.
