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.
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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.