B-North appoints first Regional Managing Director
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GCV portfolio company and startup challenger bank B-North, have this week announced the appointment of Rebecca Owen as its first Regional Managing Director.

Rebecca will help to develop and launch the firm’s first ‘lending pod’ – which will be based in Manchester.

B-North’s regional lending pod model, is very unique, with key features including: 

  • Key decision makers in one place: bankers, underwriters, property valuers and legal processing.

 

  • Sensible proportionate risk management.

 

  • Groundbreaking proposition focused on the £100bn intermediary channel.

 

With more than two decades of business and commercial banking experience, Rebecca has led teams through demanding environments, such as the Global Financial Crisis, a large scale integration and a following disintegration some time later.

Rebecca’s most recent role as Director of corporate banking saw her lead a team of Corporate and Business Banking Managers who manage and develop portfolios of SME customers. 

Prior to her latest role, Rebecca spent  more than 20 years at RBS Group where she spent the majority of her career working with SME’s in various senior positions.

 

Rebecca said: “I am excited to start work with the B-North team at what is such a critical and exciting time on their journey to building a truly regional SME lending bank. With the UK economy eager to get moving after what has been a very damaging time both socially and economically, B-North’s vision for personal and fast SME lending has never been more critical. I am looking forward to working with the team as we establish B-North’s first lending pod.”

 

B-North aims to disrupt the SME lending market by delivering funding to highly profitable and scalable SMEs in a fast and efficient way.

In June 2018, Growth Capital Ventures began working with B-North to raise seed capital of circa £4.5 million. 

Following on from the seed round, GCV continued to support B-North in raising further funds through a second round of investment in December 2019, resulting in a further £2.8 million of investment.

Read More: Why Growth Capital Ventures backed startup challenger bank B-North

B-North continues to make strong regulatory, commercial and technical progress and expects to commence lending activities later in 2020.

B-North sits alongside our portfolio company Atom Bank – the UKs first digital only challenger bank. You can find out more about B-North here.

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