Rising to the challenge: Redwood Bank quickly reaches profitability

Rising to the challenge: Redwood Bank quickly reaches profitability
Redwood Bank

Redwood Bank are celebrating their speedy ascension to profitability, achieving this important milestone in less than four years. This marks Redwood Bank as one of the fastest challenger banks to reach profitability and firmly establishes them as a leading bank for UK growing businesses.

Launched in 2017, Redwood Bank’s forward-thinking infrastructure and use of technology have enabled them to provide tailored services to help their client base of over 5000 British SMEs grow. From humble beginnings with a team of 12, the Bank now employs more than 100 staff members and has recently bolstered its board-level expertise to support its next phase of growth.

At Harper James, we empower businesses at all stages, from start-up to scale-up and beyond. Our legal experts have been working alongside Redwood Bank since 2018 and we are proud to see their growth over the last three years. As an On-Demand client, Redwood Bank benefits from priority access to highly experienced solicitors, whenever needed.

John Pauley, financial services solicitor at Harper James and specialist in electronic money and financial services regulation commented: 'It’s been a pleasure to support the team at Redwood Bank and we look forward to assisting them as they reach new, exciting milestones in the future.'

Our financial expert

John Pauley

John Pauley

Financial Services Partner
John is a specialist solicitor with extensive expertise in financial services regulation. He advises financial institutions, services providers, and merchants on regulated activities including payments, e-money, consumer credit, data protection, anti-money laundering, and gambling operations.

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