GBB, which aims to support the build of thousands of new homes, hundreds of new businesses and create dozens of highly skilled new jobs, starting in the North East, while offering an innovative approach to savings, has secured one of the industry’s biggest hitters as its Non-Executive Chair, subject to regulatory approval.
After stepping down from Monzo at the start of the year in a bid to recharge and spend time with his wife Debbie, Paul Rippon has now joined Newcastle-based GBB to lead the Board, ensuring it’s effective, entrepreneurial and transparent.
Rippon co-founded mobile-only bank Monzo in 2015, hitting the headlines when it achieved the fastest ever crowdfunding round in just 96 seconds. Today the bank has over 4m customers and was recently valued at GBP2bn.
After already raising over GBP10m from investors mostly in the North, GBB has made great progress with its banking licence and hopes to receive it before the end of this...