Lawyer Monthly - January 2022 Edition

Acted as Legal Adviser on this transaction Lawyer Monthly Transaction Reports - Funds & Investments 90 WWW.LAWYER-MONTHLY.COM JAN 2022 ABOUT THE DEAL Dynamo founder and former CEO Ying Tan has acquired a significant stake in Knowledge Bank and become non-executive chairman of the criteria search system. Established by Nicola Firth, Knowledge Bank is a disruptor in the mortgage industry and was the world’s first criteria search system at the time of its launch in September 2017. The system collected up-to-date criteria from lenders across several areas, including residential mortgages, buy-to-let, equity release, second charges, bridging, commercial loans and self-build. Knowledge Ban now holds over 125,000 pieces of criteria from over 250 lenders. In his new position, Ying will be responsible for leading the Knowledge Bank board, formulating strategy and furthering its vision. He will also be pushing for additional funding to accelerate Knowledge Bank’s growth. Penny Desborough, Ying’s trusted colleague, will also join the board as a non-executive director. Craig Kelly, a Commercial Solicitor at BTMK Solicitors, advised on the acquisition. December 2021 Ying Tan Has Acquired a Significant Stake in Knowledge Bank