Bourn Technologies

Bourn Technologies Ltd is a financial technology firm established to address the working capital shortfalls experienced by small and medium-sized enterprises (SMEs) in the United Kingdom. Founded in 2024 by Nick Tracey, Roger Vincent, and Paul Gambrell, the company leverages the founders' collective experience in banking and fintech to tackle persistent inefficiencies in the SME lending market. The firm identified that traditional financing products, such as business overdrafts, are often too rigid and slow for the dynamic needs of modern businesses.

The company's core offering is the Flexible Trade Account (FTA), an instrument designed to function as a contemporary replacement for the conventional business overdraft. This product integrates a payment account with a revolving line of credit that connects directly to a company's cloud accounting software and bank accounts. By utilizing real-time data from outstanding invoices and employing a proprietary AI-driven risk engine, the FTA provides a funding limit that adjusts dynamically to the business's cash flow. This automation streamlines access to capital, removing the need for manual document submissions and lengthy approval processes.

Bourn's business model is primarily B2B, targeting banks and alternative lenders as its main clients. It provides its Flexible Trade Account platform as a white-label or co-branded solution, enabling these financial institutions to offer a sophisticated, data-driven working capital product to their own SME customers. This strategy allows partner institutions to enhance their product portfolios, mitigate risk, and better serve the SME market without undertaking extensive internal development projects. Shortly after its inception, the company secured £1.5 million in a seed funding round led by Haatch, with participation from Love Ventures, Portfolio Ventures, and Aperture, to accelerate product development and market entry.

Keywords: SME finance, working capital solutions, fintech, flexible trade account, business overdraft alternative, embedded finance, B2B lending, invoice financing, AI-driven lending, open banking, cash flow management, automated finance, white-label financial products, revolving credit facility, UK business finance, Nick Tracey, Roger Vincent, Paul Gambrell, SME lending platform