LHV Bank
LHV Bank Limited is a UK-licensed, app-only challenger bank and wholly-owned subsidiary of Estonian AS LHV Group, offering retail savings, current accounts, travel debit cards, and specialist property lending to UK consumers and property investors via a mobile-first platform.
- Company typePrivate
- Founded2022
- HeadquartersLondon, United Kingdom
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What LHV Bank does
LHV Bank Limited is a UK-licensed, app-only challenger bank incorporated in England and Wales in 2022 as a wholly-owned subsidiary of AS LHV Group, the largest domestic financial group in Estonia. Operating from its registered office at 1 Angel Court, London, the bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FRN 993767), with eligible deposits protected by the FSCS up to £120,000. The bank targets two distinct segments: UK retail consumers via a mobile-first current account, easy access savings (4.50% AER), fixed rate bond, and travel-focused debit card proposition distributed exclusively through iOS and Android applications; and UK property investors and developers through specialist buy-to-let facilities and commercial mortgages, including SPV portfolio financing and hospitality sector deals.
Its core technology is a mobile-first banking platform built around the iOS and Android apps, supported by an Open Banking API and an in-progress agentic AI email support pilot with Gradient Labs. The platform architecture emphasises self-service onboarding and account management with no physical branches, enabling a low cost-to-serve distribution model.
The business model derives revenue primarily from net interest income on its lending book (commercial mortgages, buy-to-let financing, retail lending — EUR 5.67 billion consolidated group loan portfolio as of May 2026, with 79% year-on-year growth in the UK loan portfolio), supplemented by transaction-related fees on debit card and current account activity, and asset management fees at the group level (EUR 1.79 billion AUM). UK-specifically, LHV Bank reported profit after tax of £5 million for 2025 with doubled deposits and loans, and has progressively widened its regulated product perimeter in 2026 to include consumer credit (PRA permission granted February 2026) and ISA services, indicating a deliberate shift from single-product savings challenger toward a broader retail and SME banking franchise.
LHV Bank firmographics
Firmographics- Name
- LHV Bank
- Legal name
- LHV Bank Limited
- Website
- https://lhv.co.uk
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- LHV Bank Limited is a UK-licensed, app-only challenger bank and wholly-owned subsidiary of Estonian AS LHV Group, offering retail savings, current accounts, travel debit cards, and specialist property lending to UK consumers and property investors via a mobile-first platform.
- Ownership category
- akta.pro rank
LHV Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- A2A Collections & Direct Account Funding (FSAMAFAH)
- akta.pro secondary industry
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
Keywords
Where LHV Bank is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
LHV Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest income from lending activities including commercial mortgages, buy-to-let financing, and retail lending. The loan portfolio reached EUR 5.67 billion as of May 2026.
- Retail Banking Fees: Fees from current accounts, debit card transactions (no spending fees for travel), and potentially other banking services.
- Asset Management: LHV Group manages pension funds and investment assets with EUR 1.79 billion in assets under management as of May 2026.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Easy Access Savings Account - 4.50% AER / 4.60% Gross |
| Subscription | Monthly | Current Account - 3.75% AER / 3.69% Gross |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
LHV Bank product offering
Product offeringCore offering
LHV Bank is an app-only UK challenger bank offering retail current accounts, easy access and fixed-rate savings products, and a travel-focused debit card with no foreign spending fees. It also provides specialist UK lending, including commercial mortgages and buy-to-let facilities for property investors and SPV structures. All deposits are FSCS-protected up to £120,000, and the bank is authorised by the PRA and regulated by the FCA and PRA under FRN 993767.
Product overview
LHV Bank is an app-only challenger bank in the UK, authorized and regulated by the FCA and PRA. The bank offers a focused suite of retail banking products including Current Account, Easy Access Savings Account, and Fixed Rate Bond savings products, complemented by a travel-focused Debit Card with no foreign transaction fees. The bank also provides specialist lending products including commercial mortgages and buy-to-let facilities for property investors. The mobile banking app serves as the primary channel for customer access. All products are protected by FSCS up to £120,000.
Differentiator
Problem solved
Functional benefit
Products and services
- Current Account App-only current account paying 3.75% AER / 3.69% Gross interest on balances up to £1,000,000, targeted at UK consumers who prioritise competitive interest and a mobile-first banking experience.
- Easy Access Savings Account Easy access savings account paying up to 4.50% AER / 4.60% Gross with no withdrawal limits or penalties, designed for UK consumers seeking a flexible, high-yield savings product.
- Fixed Rate Bond Fixed-rate savings product offering up to 4.20% AER/Gross, allowing UK customers to lock in a guaranteed rate for a fixed term.
- Debit Card Travel-focused debit card with no foreign spending fees and competitive exchange rates, usable anywhere domestically or internationally for LHV Bank account holders.
- Mobile Banking App iOS and Android mobile application that serves as the primary customer channel for opening accounts, managing current and savings balances, and controlling the debit card.
- Commercial Mortgage Facility UK commercial mortgage lending product provided to businesses, including hospitality sector refinancing and other commercial real estate transactions.
- Specialist Buy-to-Let Facilities Specialist interest-only buy-to-let mortgage facilities for UK property investors, financing SPV-owned portfolios that include single-let freehold houses and Houses in Multiple Occupation (HMO).
Quantifiable outcome
- Loan portfolio growth of 79% year-on-year for LHV Bank in the UK
- +2 more outcomes
Companies that use LHV Bank
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
LHV Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature2 records
LHV Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gradient LabspilotLHV Bank is collaborating with Gradient Labs to pilot agentic AI for email customer support. The project focuses on improving efficiency and accountability in customer service operations. This initiative reflects LHV Bank's broader adoption of AI technology and aims at enhancing customer touchpoints through controlled testing.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
LHV Bank competitors and assessment
Company assessmentDirect peers
- Revolut: UK-headquartered digital bank with travel-friendly debit cards, multi-currency accounts, and savings. Direct peer on app-only model and travel-focused debit card positioning.
- Shawbrook Bank: UK specialist challenger bank focused on buy-to-let, commercial, and SME property lending. Comparable to LHV Bank's UK commercial mortgage and specialist buy-to-let franchise.
- Atom Bank: UK app-based challenger bank focused on savings products and residential/buy-to-let mortgages. Comparable to LHV Bank on UK digital savings and specialist property lending.
- Tandem Bank: UK digital challenger offering savings accounts and green/borrower mortgages. Comparable on app-led UK retail savings and lending focus.
- Monzo Bank: UK app-only challenger bank offering current accounts, savings, and consumer credit. Directly comparable to LHV Bank's digital-first, mobile-only UK retail deposit and lending proposition.
- Aldermore Bank: UK challenger bank with a specialist savings and property lending franchise. Comparable to LHV Bank on UK savings products and specialist buy-to-let/commercial mortgage lending.
- Starling Bank: UK FCA-regulated digital bank providing current accounts, savings, and SME lending. Closest direct peer to LHV Bank on app-led retail banking and lending product set in the UK.
Broad incumbents
- Metro Bank: UK-regulated retail and commercial bank offering current accounts, savings, and lending. Comparable on UK regulated retail deposits and commercial lending, though operates a branch-led model versus LHV Bank's app-only approach.
- Marcus by Goldman Sachs (UK): UK savings brand of Goldman Sachs offering high-rate online deposits. Directly comparable to LHV Bank's Easy Access savings product, but with the broader investment banking balance sheet of an incumbent.
- Investec Bank (UK): UK private bank offering high-balance current accounts, savings, and specialist property lending. Comparable to LHV Bank's high-balance current account proposition (£1m eligibility) and commercial mortgage franchise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
LHV Bank social profiles
Digital presenceLHV Bank compliance and trust
Trust signalCompliance3 records
LHV Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
LHV Bank leadership team
Management profileNumber of profiles
Profiles4 records
LHV Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LHV Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LHV Bank
What does LHV Bank do?
LHV Bank is an app-only UK challenger bank offering retail current accounts, easy access and fixed-rate savings products, and a travel-focused debit card with no foreign spending fees. It also provides specialist UK lending, including commercial mortgages and buy-to-let facilities for property investors and SPV structures. All deposits are FSCS-protected up to £120,000, and the bank is authorised by the PRA and regulated by the FCA and PRA under FRN 993767.
Is LHV Bank a public or private company?
LHV Bank is a private company. It is classified as corporate owned and is currently operating.
When was LHV Bank founded?
LHV Bank was founded in 2022. It employs 501 to 1,000 people.
Where is LHV Bank based?
LHV Bank is headquartered in London, United Kingdom, in the Europe region.
How does LHV Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are retail Banking Fees and asset Management.
Who are LHV Bank's main competitors?
Direct peers on record are Revolut, Shawbrook Bank, Atom Bank, Tandem Bank, Monzo Bank, Aldermore Bank and Starling Bank. Broad incumbents are Metro Bank, Marcus by Goldman Sachs (UK) and Investec Bank (UK).
Does LHV Bank have an API?
Yes. LHV Bank offers an Open Banking API for information purposes, allowing access to account and transaction data. Specific details on API type (REST, GraphQL, webhooks), authentication method, rate limits, versioning, or sandbox availability are not specified in the available source material. Developer documentation is at www.lhv.com/information/lhv-open-banking-api.
What industry is LHV Bank in?
LHV Bank's product category is Retail Banking. Its primary akta.pro industry code is FSAMAFAH, A2A Collections & Direct Account Funding, with a secondary code of FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions. Its NAICS code is 522110 and its SIC code is 6021.