Bank North raising £1,350,000 investment on Crowdcube. Capital At Risk
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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.
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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?
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Just noticed that they’ve gone.
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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.
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