Company Information

Get to know Bank North

Bank North, legally known as Bank North Limited, was a financial institution founded in 2018 with the mission to revolutionize lending for UK SMEs. It received its UK banking license (AWRB - Authorised with Restriction) in August 2021. The bank's model was built on a combination of cloud-native technology for speed and efficiency, coupled with regional "lending pods" staffed by experienced bankers to provide personalized service. Its primary focus was on delivering debt finance to businesses across the UK, promising faster decision-making and loan deployment than traditional banks. In March 2023, Bank North's SME lending business, assets, and the majority of its team were acquired by LHV UK Limited, and the company subsequently ceased its independent operations.

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Bank North

United Kingdom

Founded in

19 Th12 2018 (7 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.