Rishi Khosla OakNorth.png

OakNorth

w: Oaknorth

t: @OakNorth

CEO :  Rishi Khosla

Founders: Joel Perlman, Rishi Khosla

Founded: 2015

Sectors: Lending / Debt Finance for fast-growth businesses

Latest Funding: £161M Series B Oct 2017 / £90M Series C Nov 2017

Total Funding: $367.5M

Lead Investor: Toscafund Asset Management, Coltrane Asset Management, Clermont Group / GIC

HQ: UK, London

Launched in September 2015, OakNorth is a UK bank that provides fast, flexible and accessible debt finance (from £500k to £20m) to fast-growth businesses and established property developers. The combination of its primary and secondary investment in November 2017, was the largest UK fintech raise to date. Since launch, it has:

- Turned cash flow positive in month 11 (August 2016) and will achieve c.£10m profit this year;

- Grown its loan book to over £900m, directly helping with the creation of 4,000 new jobs and 3,600 new homes, as well as adding £3.6bn to the UK economy;

- Secured investment from: GIC, Toscafund, Indiabulls, Coltrane and The Clermont Group, valuing the company at c.$1.3bn.