Back

OakNorth

Category
High-Growth

Vertical
Banking, SME Financing (Other)

OakNorth was created with a single vision in mind – to empower entrepreneurs to grow their businesses. The bank, which gained regulatory approval in early 2015, was borne out of the experiences of its founders, who encountered first-hand the challenges of financing a growth business in the UK.

Most businesses can raise finance if they have property to secure their loans. However many of today’s growth businesses are not property rich – they prefer to invest in their business rather than bricks and mortar. Some businesses are in sectors that have “fallen out of favour” with the big banks while others have unusual structures and end up with a “computer says no” response from traditional banks. This means growth businesses often have to revert to more costly sources of finance or in some cases fail to find the funding they need. This adds to the growing problem of good businesses which fail because of the lack of affordable, relevant financial support available to them.

By taking a fresh look at traditional banking, we’re able to support the ambitions of entrepreneurs and growth businesses through an innovative and insightful approach to business lending, with loans which are backed by cash flow or a mix of other assets (such as receivables or inventory).

All savings deposited by our customers are invested in supporting entrepreneurial growth businesses in the UK, so saving with OakNorth means that not only do customers receive great returns on their deposits, but are also contributing to the growth of British business.

Team Members

Valentina Kristensen

Director of Growth & Communications, OakNorth

Rishi Khosla

CEO, OakNorth

Upcoming Events

19
Sep
Shining a Spotlight on: Open Banking
Location: Revolut, 7 Westferry Circus, Canary Wharf, London E14 4HD
Wondering what the Open Banking buzz is all about? PSD2 is about to blow its birthday candles and the time...
19
Sep
Women in FinTech Workshop: How to Negotiate a Payrise or Package in 6 Easy Steps
Location: Innovate Finance, 2 Finsbury Avenue, London EC2M 2PP
Workshop Presenters: Camila Reed, Managing Director and Co-founder of Global Voice Sara Wachter, Managing Director and Co-founder of Global Voice...