B-North secures £250k investment

Manchester-based B-North reportedly announced that it has received a follow-on £250,000 investment from the Greater Manchester Combined Authority. The company has also secured an advertising-for-equity deal with Channel 4 Ventures. The investments form a part of the company’s over-subscribed £2.7m ‘Bridge’ funding round.

B-North is expected to use the funding to boost awareness of its new proposition amongst retail customers after it has received its banking licence.

Read more: IBS Intelligence