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Redwood Bank reaches £150m lending milestone

Sam Monk | 14:28 Monday 9th September 2019

Redwood Bank has completed lending valued at approximately £150m since it launched two years ago.

The Hertfordshire-based challenger bank — which started trading in August 2017 — currently employs 63 banking specialists and aims to offer a real alternative for SMEs.

“I am enormously proud of what we have achieved in only two years of business,” said Gary Wilkinson, co-founder and CEO at Redwood Bank (pictured above).

“However, it’s not been without significant challenges, but through hard work, perseverance and instilling our core values — simplicity, certainty, integrity and tirelessness — we have successfully executed our plans and continue to grow our business.

“We now have approximately 2,500 customers and we know from their feedback that satisfaction sits at more than 90%, which tells us that our business model is working.

“Although our customers are at the heart of everything we do, a lot of time is spent ensuring our internal culture is also healthy and thriving.”

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