SilverRock Bank is a newly authorised UK bank focused on partnering with non-bank lenders to provide a reliable funding channel. Its core product is a forward flow financing model in which the bank commits to regularly fund loans originated and owned by lending partners. The bank completed a £50m funding round and has banking authorisation with restrictions from the Prudential Regulation Authority; the capital raise is intended to finance mobilisation and launch. Lending is scheduled to start in early 2025 and management projects a target balance sheet of £3 billion by 2029. SilverRock aims to support SMEs and consumers in non-standard credit markets within a reported £250 billion+ market and to enable innovation among lenders. It also plans to offer retail saver products promising strong and consistent rates while supporting continuity of lending in the UK financial system and economic growth.

Total raised

$64M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024