| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Total raised | £21M (Praetura Ventures, 2018–2021) |
| Collapse type | Silent Shutdown |
| Founder | Jonathan Thompson |
B-North
"UK SME challenger bank raised £21M, won FCA authorisation, and quietly shut down without ever achieving commercial scale."
Quiet closure with no public announcement
Key Events Timeline
B-North was built to offer faster business lending to UK SMEs, using a regional pod structure to provide local relationship management with tech-enabled underwriting.
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