A fintech-enabled bank has smashed its crowdfunding target and so far raised almost £1.5m.
Bank North, which is headquartered in Manchester, has been backed by over 300 investors on Crowdcube and has already passed its initial target of £1.35m.
The company received its banking licence in August 2021 and has raised more than £30m in capital to date.
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It previously secured £1.75m on Crowdcube in February 2020.
Bank North's latest fundraising drive is part of part of a wider move to finalise investment from new and existing investors via the Growth Capital Ventures platform.
The company is also set to start a series B fundraising move in the coming weeks.
The firm's Crowdcube campaign is due to run for another 22 days.
Bank North is chaired by Ron Emerson, the founding chair of the British Business Bank and also served as a senior advisor to the Bank of England.
The company was co-founded by Jonathan Thompson, its chief executive, who was previously a director at Deloitte.
His co-founder, David Broadbent, serves as Bank North's chief financial officer.
