Tagged: b-north

Bank North Receives Banking License, Expects to Commence Lending in October

Previously doing business as B-North, Bank North has been granted a banking license (Authorised with Restrictions or ‘AWR’) by the UK’s Prudential Regulation Authority (PRA). Bank North reports that it has also closed a successful Series A funding round, raising money from LHV Group, LHV… Read More

B-North, a Fintech Building an SME Lending Bank, Makes New Hires, Focused on Acquiring Banking License

Manchester-based B-North, the challenger developing an SME lending bank for the United Kingdom, has hired five more professionals to support its finance and risk departments. David Travis has joined as B-North’s Secretary and General Counsel, Andrea Harrison will be serving as Head of Financial Reporting… Read More

B-North, a Fintech Building an SME Lending Bank, Tops £500,000 Target on GrowthFunders

B-North, the Manchester-based Fintech building an SME lending bank for the UK, has topped its £500,000 target on GrowthFunders. As it stands today, B-North has raised £560,598 backed by 48 online investors as well as 27 professional investors. The Series A “bridge stub round” is… Read More

B-North Appoints New Director Who is Cabinet Office Executive

​B-North, a digital lender that is in the process of acquiring a full banking license, has appointed Nimisha Patel to its board of directors. Patel is currently the Chief Digital Information Officer at the Cabinet Office, responsible for helping to shape the technology strategy at… Read More

B-North Further Strengthens Top Team With Four Major Appointments, Including HR Director & Treasurer

  B-North, a UK-based business lending company, announced on Tuesday it has further strengthened its top team with four major appointments, including a new HR Director and Treasurer. The hires mark a continuation of the firm’s growth as they accelerate towards their launch. B-North reported… Read More

Fintech B-North, which Lends to SMBs and Is Pursuing Banking License, Acquires Investment from Greater Manchester Combined Authority

Fintech firm B-North, which facilitates loans for small businesses and is currently seeking a banking license, has reportedly entered a deal with Channel 4 Ventures. Manchester-headquartered B-North confirmed that it has acquired a follow-on investment of £250,000 from the Greater Manchester Combined Authority. The challenger… Read More

B-North Targets Bank License, Raises Funding on Growth Capital Ventures

B-North, a Fintech that is looking to acquire a bank license, is raising capital on Growth Capital Ventures (GCV). According to the offering page, B-North has raised over £1.23 million – topping its hurdle of £500,000. Craig Peterson, co-founder and chief operating officer of GCV,… Read More

SME Lender B-North Signs Up Regtech Platform TruNarrative

SME lender B-North has enlisted Regtech platform TruNarrative to provide onboarding and compliance technology, according to a company release. Reportedly, the move comes ahead of authorization by the FCA and PRA. Ahead of authorization from the FCA and PRA, B-North is set to procure TruNarrative’s… Read More

Update: B-North’s Equity Crowdfunding Campaign Set to Close Crowdcube Round With More Than £2 Million Raised

B-North, a UK-based business lending company, is set to close its equity crowdfunding campaign on Crowdcube with more than £2 million in funding secured. The investment round has attracted nearly 500 Crowdcube investors. As previously reported, B-North is now looking to change the face of business… Read More

Update: B-North’s Crowdcube Round Now Nearing £2 Million in Funding

B-North, a UK-based business lending company, has successfully secured nearly £2 million in funding through its Crowdcube campaign. The funding round originally sought to raise £1,750,000 and has attracted more than 365 Crowdcube investors so far.  As previously reported, B-North is on a mission to… Read More

Update: Business Lending Company B-North Surpasses 1.9 Million in Funding Through Crowdcube Round

B-North, a UK-based business lending company, has now raised more than £1.9 million through its equity crowdfunding campaign on Crowdcube. The company’s initiative originally sought to raise a minimum of £1,750,000. B-North is currently offering 11.77% in equity at a £14,247,942 pre-money valuation.  As previously… Read More

UK Business Lending Company B-North Is Now Seeking £1.75 Million Through Crowdcube Round

B-North, a UK-based business lending company, is now seeking £1,750,000 through its equity crowdfunding campaign on Crowdcube. The company is now offering 10.94% in equity at a £14,247,942 pre-money valuation. Founded in 2018, B-North aims to change the face of business lending by aiming to… Read More

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