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Successfully funded
  • Equity
Pre-money valuation

B-North is building a bank to disrupt the £150bn UK business lending market. With a combination of fintech and face-to-face service teams in regional ‘Pods’, B-North will aim to lend up to 10x faster than the incumbent banks to help SMEs grow and develop.

  • Focused on the £154bn SME lending market
  • A team with experience of starting and scaling challenger banks
  • Profitability is a core objective
  • Banking licence application submitted - decision expected Q1, 2020
Information The company is currently raising investment from new and existing investors via the Growth Capital Ventures platform.  This investment is reflected on the Crowdcube platform to provide clarity as to the fully diluted position that will be available to investors following completion of the entire investment round. The pre-money valuation of the Company includes an additional investment of £250,000 of seed funding that is not reflected on the pitch bar. For more information see the Legal Review.


B-North wants to disrupt the £154bn UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralised processing centres. SMEs can have to jump through hoops and face an impersonal ‘computer says no’ approach, and our experience shows that it can take more than four months before they get their cash, so their development plans may have to be put on hold.

B-North aims to change the face of business lending.

B-North was founded by our team with decades of experience in financial services, including launching and scaling challenger banks such as First Direct, Atom, METRO and Santander. B-North uses some of the latest cloud-based technology, married with face-to-face relationship teams to really get to know borrowers and their businesses to provide lending solutions to fit their needs. B-North has started with a blank sheet of paper and worked with SME owners to build a customer journey from the ground up, and this – together with their technology – means they can reduce time to cash for borrowers to as little as two weeks.

Following a successful seed raise of £4.2m in 2018, we are targeting our banking licence in Q1 2020 and aim to start lending shortly after.

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