B-North
Financials
Estimates*
EUR | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|
Revenues | - | <1m | <1m | <1m |
% growth | - | - | 42 % | 34 % |
Profit | - | (3.1m) | (2.8m) | (2.2m) |
% profit margin | - | (4957 %) | (3125 %) | (1869 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | £4.2m | Seed | |
£2.4m Valuation: £14.0m | Seed | ||
£1.0m Valuation: £14.0m | Series A | ||
N/A | £250k Valuation: £14.0m 187.3x EV/LTM Revenues | Series A | |
* | N/A | Media For Equity | |
£4.5m | Series A | ||
N/A | £560k Valuation: £22.3m 297.7x EV/LTM Revenues | Series A | |
Total Funding | AUD26.3m |
Recent News about B-North
EditB-North is a financial technology company focused on revolutionizing the UK SME (Small and Medium-sized Enterprises) lending market. Operating in the financial services sector, B-North aims to provide faster, more flexible, and personalized lending solutions to SMEs, which are often underserved by traditional high street banks. The company leverages advanced cloud-native core banking solutions to streamline the lending process, significantly reducing the time it takes for businesses to receive funding.
B-North's business model revolves around offering tailored lending products to SMEs, utilizing a decentralized approach with regional lending pods to ensure a more personal and efficient service. This model contrasts sharply with the centralized and often impersonal systems of larger banks, which can take over four months to approve loans. By focusing on speed and customer experience, B-North aims to fill a critical gap in the market.
Revenue is generated primarily through interest on loans and associated lending fees. The company collaborates with various partners, including IT infrastructure providers and legal firms, to support its operations and ensure compliance with regulatory requirements. B-North is currently in the process of obtaining a full banking license, which will further enable it to scale its services and meet the evolving demands of the digital banking landscape.
Keywords: SME lending, financial technology, cloud-native banking, personalized service, regional lending pods, UK market, rapid approval, business loans, fintech innovation, regulatory compliance.