B-North

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.

 

Sector: Fintech & Banking

Total Investment: £6.8 million*

Latest Investment: January 2020

Current Status: Growth Phase

Asset Class: Venture Capital

*Three funding rounds from 2018 to 2020

Our Portfolio

View information on our other recent ventures

growth capital ventures
Growth Capital Ventures
GCV’s latest EIS eligible investment opportunity will back growing tech, create jobs, and forge a new pathway for innovative SMEs.
Closing on Friday, 13th November
PreviewAtom
Atom Bank
The UK’s first bank built exclusively for mobile. Redefining what a bank should be, making things easier, transparent and better value in the world of finance.
Fintech | Banking
PreviewHive
HiveHR
Employee engagement platform and strategic partner for organisations who put their people first. Hive are on a mission to change the working world for the better.
Technology | SaaS
PreviewBonds
MAVEN Bonds
Online investment platform providing fixed term, asset backed bonds to experienced investors. Providing investors with access to property backed loans and tax free returns.
Fintech | Investment
Transparently
Transparently
Online communication platform, transforming the way individuals negotiate solutions to any dispute. Blockchain based technology delivers a secure, indelible, fully encrypted timeline of inter-client communication.
LegalTech | PaaS
PreviewCDM
CDML
Project Management and Strategic Land Consultancy. Working in partnership with landowners to secure planning permission for residential development and managing the onward sale to a housebuilder.
Property | Consultancy
PreviewFusion
Intelligence Fusion
Transforming the way global companies protect people, assets and reputation. Big data and machine learning providing enhanced threat intelligence and situational awareness.
Technology | SaaS
PreviewHBC
Homes by Carlton
Award winning regional housebuilder transforming the way high quality housing schemes are financed and delivered.
Property | House Building
PreviewQikServe
QikServe
Multi-channel self-service order and payment solutions for the hospitality sector. Transforming the customer experience, reducing staff costs and boosting sales.
Technology | Payment Services
PreviewFame
Fame Media Tech
A highly customisable Platform-as-a-Service. Combining augmented reality, virtual reality and progressive web app solutions to create immersive technology that transforms visitor and customer experiences.
Technology | PaaS
PreviewCannyLads
Canny Lads Media
A specialist lead generation company and B2C Software-as-a-Service business, Delivers high value traffic to the iGaming sector and provides training and software to subscribers.
Technology | SaaS
PreviewThorpe (1)
Thorpe Paddocks
Third project originated and delivered by Regional Housebuilder, Homes by Carlton. A 31 unit scheme comprising of 2, 3, 4 and 5 bedroom homes.
Property | Development
PreviewMSG
Middleton St George
Second project originated and delivered by Regional Housebuilder, Homes by Carlton. A 50 unit scheme comprising of 2, 3, 4 and 5 bedroom homes.
Property | Development
PreviewChilton
Chilton
The first property Joint Venture project originated and delivered by regional housebuilder, Homes by Carlton. A High quality development of fourteen 3 and 4 bedroom homes.
Property | Development
PreviewMarshall1 (1)
Redmarshall
The fourth project originated and delivered by regional housebuilder, Homes by Carlton. Luxury development of 3, 4 and 5 bedroom homes.
Property | Development
PreviewCorehaus
CoreHaus
Designing, developing and delivering modular housing solutions. Using modern construction methods to deliver precision-engineered homes quicker than traditional methods, and providing additional capacity to the housebuilding sector.
Modular Housing | Manufacturing
PreviewLightrooms
The Lightrooms
The next generation of workspace for ambitious high growth businesses. More than office space. Room to grow. Support to Grow. Capital to grow.
Property | Office Development