B-North

B-North is building a regional SME lending bank for the United Kingdom.

Manchester, UK—Founded 2018—Website

£6.7MTotal raised

B-North is building a regional SME lending bank for the United Kingdom. The firm combines regional lending pods with a cloud-based system to speed up business loans.

Founders

Jonathan Thompson

Co-Founder and CEO

Jonathan brings banking and founding experience from roles including chief executive at B-North and acting chief executive at AlbaCo.

Investors

Series A17 March 2021
£4.5M
LG
LHV GroupLead
Series A5 January 2021
£250K
GM
Greater Manchester Combined Authority
C4
Channel 4 Ventures
Seed2 January 2020
£2.0M
C
Crowdcube
G
Growthfunders

Funding history

Series A17 March 2021

£4.5M

B-North secures £4.5m Series A investment from LHV Group to support banking licence application

LHV Group has committed £4.5m as part of B-North's ongoing £20m Series A fundraise.

Series A5 January 2021

£250K

B-North raises £250k bridge investment from Greater Manchester Combined Authority and Channel 4 Ventures

The Manchester-based challenger bank secured the follow-on funding and media-for-equity deal as part of an oversubscribed round.

Seed2 January 2020

£2.0M

B-North secures £2m in seed follow-on funding via Crowdcube and Growthfunders to support its upcoming 2020 launch.

The Manchester-based challenger bank will deploy the capital to expand its workforce and infrastructure ahead of its scheduled market entry.