One of the UK’s most dynamic challenger banks reveals it has lent around £150m since launching just two years ago.
Redwood Bank, based in Warrington, started trading in August 2017.
The first business bank to be 100% ‘born in the cloud’ following a successful collaboration with Microsoft, Redwood has steadily grown its team and now employs 63 banking specialists, having started with just 25 members of staff.
The bank has picked up a total of 13 awards, scooping the coveted title of Bank of the Year at the Global Business Excellence Awards in 2018.
Redwood has also recently been named the UK’s Leading Bank for SME Business at the SME News 2019 Business Elite Awards and picked up the 2019 Award for Excellence in Business Banking Services at the Acquisition International’s Global Excellence Awards.