Bourn
Category: AI in Fintech
AI-powered Flexible Trade Account (FTA) providing real-time working capital solutions for UK SMEs Bourn was founded in 2024. The company is led by Nick Tracey. Based in London, United Kingdom. Team size: 12. Total funding raised: £5M. Latest round: Growth, £3.5M, December 2025, led by NatWest Group. Key investors include Haatch, Love Ventures, Portfolio Ventures, Aperture, NatWest Group, McPike Global Family Office.
- Founded
- 2024
- Headquarters
- London, United Kingdom
- Team size
- 12
- Total funding
- £5M
Value proposition
Dynamic, automated revolving credit facility using AI risk assessment and real-time data to deliver working capital without traditional loan friction
Products and solutions
Flexible Trade Account (FTA) - AI-driven business credit and payment solution
Unique value
AI-powered risk engine that dynamically adjusts credit limits based on real-time invoices, Open Banking data, and accounting integration; embedded overdraft alternative
Target customer
UK SMEs for direct funding; banks/lenders and platforms for white-label/embedded finance solutions
Industries served
Fintech / SME Lending, Working Capital Finance, Embedded Finance
Technology advantage
AI automation reduces risk and speeds underwriting; seamless integration with banks and accounting platforms; outperforms traditional overdrafts in speed and accessibility
How they differentiate
AI-powered Flexible Trade Account that embeds overdraft-like working capital directly into SMEs' systems using real-time data, offering dynamic limits and automated risk assessment
Main competitors
iwoca, Funding Circle, Allica Bank
Key partnerships
NatWest Group (strategic investor), Investec (pilot partner), Integration with 14+ accounting platforms
Notable customers
Investec (pilot partner)
Major milestones
Founded 2024, Launched Flexible Trade Account (FTA), Raised £1.5M seed round (Feb 2025), Appointed Leda Glyptis as Non-Executive Board Member, Raised £3.5M funding round with NatWest minority stake (Dec 2025)
Growth metrics
12 employees; two funding rounds within 10 months; no public revenue metrics
Market positioning
Early-stage innovator in AI-driven embedded SME working capital solutions
Geographic focus
United Kingdom
Patents and IP
No public patents disclosed
About Nick Tracey
Co-Founder & CEO at Bourn | Former roles at Baringa Partners and Barclays in SME lending and fintech strategy
Official website: https://bourn.ai