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Bank North secures GBP 1.55 mln in crowdfunding campaign

Thursday 20 January 2022 11:39 CET | News

Bank North, a fintech-enabled bank has secured 114% (GBP 1.55 million) of its GBP 1.35 million target from 486 investors with 17 days left in its crowdfunding campaign carried out via Crowdcube.

Bank North reports a GBP 65,432,649 pre-money valuation, 2.32% Equity, a GBP 0.25 share price.

Bank North confirmed that the firm received its banking licence in August 2021 and has acquired more than GBP 30 million in capital to date.

The company mentioned that this Crowdcube funding round is part of an ongoing funding round by the company. The firm clarified that this includes the Growth Capital Ventures funds, as well as a planned series B commencing on completion of this funding round.

As explained by the firm, Bank North is ‘focused on setting new standards for delivery and customer service in the SME marketplace, with experienced bankers supported by partnerships providing best in class technology.’


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Keywords: banks, fintech, crowdfunding
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
This article is part of category

Banking & Fintech