OakNorth

Overview

OakNorth Bank is a UK-based digital bank founded in 2015 by Rishi Khosla and Joel Perlman. It specializes in providing loans and savings accounts for mid-sized businesses with turnovers between £1 million and £100 million, as well as for individual savers. The bank combines technology-driven credit analysis with personalized support, addressing gaps in traditional banking. Since its inception, it has provided over £15 billion in loans to thousands of businesses in the UK and the US, while attracting deposits from more than 400,000 savers.

The bank offers customized debt financing ranging from £0.5 million to £60 million, focusing on growth, property development, and refinancing. It also provides business current accounts and rapid account openings, along with integrated support for business leaders. OakNorth emphasizes collaboration, adaptability, and transparency, aiming to exceed customer expectations. With a strong entrepreneurial ethos, it has established a presence in both the UK and US markets, contributing to job creation and economic growth.

Basic Information

Contact Details

• Phone: +44 330 380 1181
• Website: oaknorth.co.uk
• LinkedIn: linkedin.com/company/oaknorth-bank

Key Focus Areas & Initiatives

• Lending solutions for small businesses
• Business savings
• Fintech
• Business finance
• Lending
• Property finance
• Savings accounts
• Neobank
• Loan automation
• Small business banking
• Construction & real estate
• Lending solutions
• Support for startups
• UK banking license
• Loan automation technology
• Finance
• £10bn+ loans issued
• Local economy support
• Loan portfolio management
• Housing development finance
• Property finance solutions
• Banking platform
• Growth capital loans
• Business finance solutions
• Digital banking solutions
• Financial technology
• International banking license
• Fast-growth business loans
• Business growth support
• Loan portfolio over £10bn
• Digital banking innovation
• Business loan approval
• UK financial regulation
• Loan approval technology
• Business loans
• Growth capital
• AI credit assessment
• Property development loans
• Loan application process
• Support for property developers
• Regional offices UK
• Loan decision AI
• UK fintech
• Business banking
• Automated credit decisions
• Entrepreneur support
• Digital financial services
• Loan application speed
• Digital bank
• Global banking partnerships
• UK business finance
• UK economic contribution
• Business loan approval speed
• Lending platform
• Loan decision technology
• Creditworthiness evaluation
• US expansion plans
• Property development finance
• UK fintech leader
• Data analytics in banking
• AI-driven credit scoring
• Fast-growth businesses
• Proprietary AI platform
• SME banking services
• Fintech licensing
• Digital SME lending
• Regional hubs UK
• Banking technology
• Job creation support
• UK SME support
• Regulatory compliance UK
• AI credit scoring
• UK banking innovation
• Expansion into US
• US market entry
• Digital SME loans
• Regional banking hubs
• Loan range £0.5m-£25m
• SME lending
• Loan decision platform
• Global fintech licensing
• SME loan solutions
• AI credit platform
• Fintech partnership
• UK financial services innovation
• Loan range flexibility
• Digital banking
• Lending analytics
• Loan processing automation
• Customer base diverse
• Loan approval speed
• Job creation
• Credit risk analytics
• Housing finance
• International expansion
• Digital credit assessment
• UK financial services
• Data-driven lending
• Support for entrepreneurs
• Business banking services
• International banking
• UK economic growth
• Fast business funding
• Business growth loans
• Automated loan approval
• Business funding platform
• Commercial banking
• AI-powered credit assessment
• Credit assessment AI
• Financial services innovation
• Growth financing
• SME finance
• Flexible finance
• Personal savings
• Real estate loans
• Hospitality financing
• Speciality finance
• Personalised service
• Investment loans
• Debt finance
• Bridging loans
• Secured loans
• Unsecured loans
• Credit facilities
• Funding growth
• Capital expenditure
• Project financing
• Acquisition finance
• Management buyouts
• Personal guarantees
• Interest-only loans
• Savings vault
• Cash ISA
• High street banking
• Entrepreneurial spirit
• Data-driven banking
• Community investment
• Customised solutions
• Fast access to cash
• Transparent lending
• Financing options
• Financial protection
• Credit decision process
• Online banking
• Regulatory compliance
• Financial services compensation
• Branchless banking
• Mobile banking
• Ethical banking
• Customer-centric approach
• Accessible funding
• Responsible lending
• Customer support
• Long-term partnerships
• Sector specialist loans
• Umbrella financing
• Education financing
• B2B
• Finance technology
• Information technology & services
• Financial services

Technologies Used

• AI
• AWS CodePipeline
• AWS SDK for JavaScript
• AWS Trusted Advisor
• Amazon CloudWatch
• Amazon EC2
• Amazon EC2 Container Service
• Amazon SES
• Apple macOS
• Atlassian Cloud
• Create React App
• Docker
• Experian
• GitHub Actions
• GitLab
• Google Cloud BigQuery
• Grafana
• Hubspot
• IBM ILOG CPLEX Optimization Studio
• Jenkins
• Jest
• Lambda Cloud
• Mailchimp Mandrill
• Microsoft Office 365
• OneTrust
• Outlook
• PostgreSQL
• Pytest
• Python
• React
• Route 53
• Salesforce
• Salesforce CRM Analytics
• Slack
• Terraform
• TypeScript
• Ubuntu
• Xray

Affiliated Organizations & Regional Branches

• Fluidly by OakNorth
• Park Lane Mews Hotel, London