Chetwood Bank
Digitally native financial services
- 201-500 employees
- Fintech
- B2C
- Banking
- Financial Services
- Wrexham, UK
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Company mission
To challenge every aspect of how financial services firms operate today.
Our take
The UK banking market is becoming a more interesting place for challengers, with newer banks looking beyond traditional retail banking to find new ways to grow. Chetwood Bank's move into wholesale lending is a good example of that shift, opening the doors to larger relationships with corporates, institutions and specialist lenders.
Chetwood started out with a focus on savings and mortgages, and its proposition is deliberately straightforward: digital banking, simple products and a "no nonsense" approach. Now, with Wholesale Banking, its adding a more sophisticated side to the business, offering tailored lending that can be organised, structured and managed under one roof.
The bank has grown to a £7B balance sheet and a £3B mortgage lending portfolio, while lending £1B through forward-flow relationships over the past year. Its expansion into structured finance and non-GBP assets, alongside the launch of Wholesale Banking, points to a bank that is becoming broader and more ambitious.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Annual discretionary bonus depending on company and individual performance
- 6% company pension contribution if you contribute 5%
- Free refreshments when you're in the office, including breakfast
- Competitive salary, reviewed annually in line with the market
- Company wide conferences and get together twice per year
- Regular events organised by our social committee
- Life assurance
- Private medical insurance
- Access to a comprehensive Employee Assistance Programme
- 25 days holiday, plus bank holidays, increasing with length of service
- 1 day off for your birthday
- Increase or decrease your holiday entitlement by up to 4 days with our buy and sell scheme
Funding (2 rounds)
Aug 2020
$13.4m
GROWTH EQUITY VC
Mar 2018
$67m
GROWTH EQUITY VC
Total funding: $80.4m
Leadership
Paul Noble
(CEO)Previously CEO at JN Bank UK and CCO at Tandem Bank.
Simon Allsop
(CFO)Previously a Group Capital Markets Director at OneSavings Bank and Charter Court Financial Services Group. Prior to that, they were an Associate Director at Fitch Ratings.
Julian Hynd
(COO & CIO)Previously CCO at Redwood Bank and COO at Shawbrook Bank.