Manchester-based SME finance business B-North has secured £2mn funding.
In Brief:
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The capital was raised on Crowdcube and Growthfunders.
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This brings BNorth’s total raised to £6.2mn.
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The bank was founded in 2018 and aims to allow SMEs faster access to finance thanks to cloud technology.
What does this mean?
B-North is currently applying for tis banking licence and will open its first branch in Manchester later this year. This funding round cements the faith of investors in the business as well as popular demand.
