OakNorth Bank is a digital bank based in the United Kingdom that specializes in providing lending and banking services to small and medium-sized enterprises (SMEs). Founded in 2015 by Rishi Khosla and Joel Perlman, the bank uses advanced data analytics and machine learning to make credit decisions, allowing it to offer tailored financial products such as term loans, asset finance, and working capital solutions.
Primarily operating in the UK, OakNorth has established itself as a significant player in the challenger banking sector, focusing on businesses that may be underserved by traditional high street banks. The institution is privately owned and has secured substantial funding from investors to support its growth and expansion of its loan book.
In the financial industry, OakNorth positions itself as an innovative lender that provides faster and more flexible financing options compared to conventional banks. Its participation in large debt facilities, such as the £250m senior debt for the acquisition of SGN Retail by ESSAR ENERGY TRANSITION RETAIL, demonstrates its role in supporting major commercial transactions. The bank maintains its headquarters in London and continues to grow its market share through technology-driven approaches to lending.
Official website: oaknorth.com
