Can AI reinvent the business overdraft?
London-based Bourn has launched a Flexible Trade Account that plugs into a small company's bank and accounting software to deliver instant, secured working capital.
The platform uses an AI-driven risk engine and open banking data to automate credit decisions, integrate payments, and provide a current account with on-demand liquidity.
Earlier this week, Bourn announced a £3.5M seed round from NatWest Group, McPike Global Family Office, Haatch, Love Ventures, and several angels. Founders Roger Vincent, Nick Tracey, and Paul Gambrell believe SMEs deserve smarter trade finance than costly overdrafts.
With a real-time view of cash flow and inventory, the Flexible Trade Account could become a default tool for digital wholesalers and manufacturers. Bourn plans to embed its product inside ERP and accounting systems next year, turning an unglamorous niche into a platform play.
Are flexible overdrafts about to become software?
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