Co-founders of Bank North: Jonathan Thompson and David Broadbent
Bank North

Next-generation UK challenger bank focused on transforming lending for SMEs

Jonathan Thompson & David Broadbent

Co-founders of Bank North

About Bank North

Bank North is 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 Bank 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 million to £5 million 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 Bank 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 has continued to support Bank North in 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 Bank North in a position to further strengthen the existing management team and continue building the infrastructure ready for launch and scale up.

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.

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Intelligence Fusion

Sector: SaaS
Investment Type: Equity
Investment to Date: £ 556,800
Tax Schemes: EIS, SEIS
Learn more about Intelligence Fusion

QikServe

Sector: Fintech
Investment Type: Equity
Investment to Date: £ 2,624,694
Tax Schemes: EIS
Learn more about QikServe

n-gage.io

Sector: SaaS
Investment Type: Equity
Investment to Date: £ 170,000
Tax Schemes: EIS, SEIS
Learn more about n-gage.io

Bank North

Sector: Fintech & Banking
Investment Type: Equity
Investment to Date: £ 7,941,141
Learn more about Bank North

Atom Bank

Sector: Fintech & Banking
Investment Type: Equity
Investment to Date: £ 1,100,000
Learn more about Atom Bank

Hive.Hr

Sector: HR Tech
Investment Type: Equity
Investment to Date: £ 1,453,000
Tax Schemes: EIS, SEIS
Learn more about Hive.Hr

Business Finance Market (trading as Finance Nation)

Sector: Fintech & Banking
Investment Type: Equity
Investment to Date: £ 1,525,000
Tax Schemes: EIS, SEIS
Learn more about Business Finance Market (trading as Finance Nation)

Cathedral Gates

Sector: Property
Investment Type: Equity & Debt
Investment to Date: £ 2,000,000
Learn more about Cathedral Gates

Middleton Waters

Sector: Property
Investment Type: Equity & Debt
Investment to Date: £ 7,000,000
Learn more about Middleton Waters

The Langtons

Sector: Property
Investment Type: Equity & Debt
Investment to Date: £ 3,000,000
Learn more about The Langtons

Thorpe Paddocks

Sector: Property
Investment Type: Equity & Debt
Investment to Date: £ 6,000,000
Learn more about Thorpe Paddocks

Corehaus

Sector: Advanced Manufacturing
Investment Type: Equity
Investment to Date: £ 1,000,000
Learn more about Corehaus

Growth Capital Ventures

Sector: Fintech
Investment Type: Equity
Investment to Date: £ 1,851,410
Tax Schemes: EIS, SEIS
Learn more about Growth Capital Ventures
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.