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Bank North

A licenced UK bank focused on transforming lending for SMEs

About B-North

B-North are a start-up established to build a challenger bank focused on lending to the small and medium sized enterprises (SMEs) that drive the UK economy.

The experienced board and management team at B-North are combining market-leading cloud-native technology with people to deliver a superior banking service to the SME market for clients typically seeking between £0.5 to £5M loans.

In June 2018, Growth Capital Ventures began working with the start-up established to build a challenger bank to raise seed capital of circa £4.5 million. This initial round of funding enabled B-North to progress with their banking license, assemble a highly-experienced and ambitious management team, and further develop their FinTech enabled lending platform. Following on from the seed round, GCV have continued to support B-North is raising further funds through a second round of investment in December 2019, resulting in a further £2.8 million of investment.

The latest round of investment places B-North in a position to further strengthen the existing management team and continue building the infrastructure ready for launching the bank later in the year.

Bank North
Sector

Fintech & Banking

Total Investment

Latest Investment

August 2021

Current Status

Growth Phase

Asset Class

Venture Capital

Funding Rounds

3

Companies We've Backed

Ambitious businesses with high growth potential.

We always look for the businesses that can make an impact; the businesses that can make a difference. Since launch, we've built a portfolio of a dozen companies across banking to threat intelligence and each continues to thrive to this day.

Bank North

Asset Class:

Venture Capital

Investment to Date:

£10,200,000

Intelligence Fusion

Asset Class:

Venture Capital

Investment to Date:

£487,800

Atom Bank

Asset Class:

Venture Capital

Investment to Date:

£1,100,000

Hive.Hr

Asset Class:

Venture Capital

Investment to Date:

£3,600,000

QikServe

Asset Class:

Venture Capital

Investment to Date:

£2,624,694

n-gage.io

Asset Class:

Venture Capital

Investment to Date:

£150,000

Business Finance Market

Asset Class:

Venture Capital

Investment to Date:

£1,500,000

The Langtons

Asset Class:

Property

Investment to Date:

£4,200,000

Middleton Waters

Asset Class:

Property

Investment to Date:

£9,500,000

Thorpe Paddocks

Asset Class:

Property

Investment to Date:

£8,500,000

Cathedral Gates

Asset Class:

Property

Investment to Date:

£400,000

Corehaus

Asset Class:

Venture Capital

Investment to Date:

£1,350,000

Driving Growth.
Creating Value.
Delivering Impact.

Backed by

Growth Capital Ventures (GCV) is backed by funds managed by Maven Capital Partners, one of the UK’s leading private equity and alternative asset managers.