OakNorth Revenue and Competitors

Launched in September 2015, OakNorth is a UK bank that provides fast, flexible and accessible debt finance (from £500k to £40m) to established British businesses. Our clients include nurseries, hotels, care homes, private equity firms, bars, restaurants, tech companies, security businesses, property developers / investors, and professional services companies. In addition to business lending, we also offer a range of FSCS-protected savings accounts for individuals and businesses. These include fixed-term, easy-access, notice and cash ISA accounts, with a range of terms to suit your needs. Since our launch we have: - Profitably grown our loan book to £1.8bn, directly helping with the creation of 8,500 new homes and 8,000 new jobs in the UK; - Secured $576m from several investors, including: NIBC, EDBI of Singapore, GIC, Toscafund, Coltrane, Clermont Group, and Indiabulls, valuing the company at $2.3bn; - Raised deposits from c.25,000 savers; - Won numerous awards and been recognised as one of the UK's fastest-growing businesses being listed on the Leap 100 (2017), Tech City UK's Future Fifty (2018), and Fintech City's Fintech50 (2018). We were founded by Rishi Khosla and Joel Perlman, entrepreneurs who were inspired to launch the bank following the challenges they faced in securing debt finance from high street banks for their previous business, Copal Amba. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Visit www.oaknorth.com for more information.

keywords:Banking,Finance