Digital Bank Cashplus Seeks £50m Investments to Support Growth and SME Lending
Digital challenger bank Cashplus has announced plans to raise capital investment of at least £50m in 2021 to support further growth across all segments and unlock a higher proportion of deposit funding for SME lending following bank authorisation. The firm was granted a full UK bank licence earlier this month and now holds c.£500m of customer deposits, a portion of which are immediately available to deploy for lending through the company’s established digital...
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