Masthaven Bank opens for business
Masthaven Bank opened for business today offering savings products as well as bridging and development finance.
Masthaven Bank is majority owned by its chief executive Andrew Bloom, though 80% of its employees hold shares.
Jon Hall, managing director of Masthaven, said: “Today marks the beginning of an exciting new chapter in our journey, and I am delighted to open the digital doors of this fantastic new challenger bank.
“We know everyone has different financial needs and that’s why we are providing products that our customers want, not just products that banks have always had available.
“Our unique blend of human digital banking combines intelligent people who really care, with technology to ensure both customers and brokers can interact with us in the way that suits them. We are proud to be part of the banking revolution – looking beyond convention to give individuals what they want from their bank.”
Since being granted a retail banking licence in April Masthaven have built a team of 100 people and been testing products.