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B-North submits banking licence application

G. Potter - 2 OCT 2019

B-North team at the licence summit

We’re very pleased to announce that we have submitted our application for a banking licence to the regulator.

Jonathan Thompson, B-North CEO

“Applying for our banking licence has been an intense, but engaging process for the whole team. 

“As we have progressed through the process, we have found the regulator to be supportive and constructive, and we are looking forward to the future with confidence.

“The B-North team has decades of experience in starting and scaling banks, gained at some of the industry’s best-known and most innovative firms. 

“We know what works for SMEs and, equally as important, what doesn't. 

“Furthermore, we are embracing the UK’s critical and fast-growing intermediary segment in a unique way. 

“As such, our proposition to the UK SME lending market is based on professionalism, integrity and deep insight.”

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Help us design our broker service

We look forward to working with Intermediaries with the same values as ours; to provide the best financial solution for their client, with total focus on a superb customer experience.

All of our panel of intermediaries will have a good cultural fit with us and our aims. We will provide an easy to access portal, which will detail all their deals as they progress through to completion, using a real-time dashboard.

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Our latest round of fundraising

The fundraising process is progressing well. We hosted an event for new investors on the 24th of July which was well attended and the proposition was positively received.

Existing shareholders will be offered the opportunity to exercise their pre-emption rights in respect of any future raise. Potential investors that are interested in receiving more details can register their interest by following the link below.

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