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

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Fintech | Banking
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Online investment platform providing fixed term, asset backed bonds to experienced investors. Providing investors with access to property backed loans and tax free returns.
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LegalTech | PaaS
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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
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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
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Award winning regional housebuilder transforming the way high quality housing schemes are financed and delivered.
Property | House Building
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QikServe
Multi-channel self-service order and payment solutions for the hospitality sector. Transforming the customer experience, reducing staff costs and boosting sales.
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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
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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.
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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.
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PreviewMarshall1 (1)
Redmarshall
The fourth project originated and delivered by regional housebuilder, Homes by Carlton. Luxury development of 3, 4 and 5 bedroom homes.
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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
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The Lightrooms
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