Bank North raising £1,350,000 investment on Crowdcube. Capital At Risk
Still growing a (very-compelling) early fintech solution for SME’s - “Bank North has been Authorised with Restrictions since 24th August 2021, at which point the firm entered a phase known as mobilisation. During this phase, the bank will be undertaking lending activities but will not be accepting customer deposits.”
One to watch.
Have moved this out of Monzo chat as I can’t quite see the relevance. Also, it seems they had a licence since summer 2021?
Just noticed that they’ve gone.
I didn’t even know they were ever a thing! How’d I miss this thread?
What were they offering?
SME lending. It never got its retail savings business off the ground.