Founders: Rishi Khosla (CEO), Joel Perlman,
Keywords: Lending platform / Debt finance for fast-growth businesses
Who is it for: fast-growth businesses
Total Funding: $1Bn
Latest Funding: £440M, Venture Round, February 2019
HQ: UK, London
“Redefining lending to SME businesses globally”
In this year’s top ten, OakNorth is redefining lending to small and medium-sized businesses globally.
Its platform is available to financial institutions to implement alongside their own proprietary systems and is being used by nine banks globally, including OakNorth Bank in the UK and NIBC Bank in the Netherlands.
Since inception, OakNorth has secured over $1billion from several investors, including: Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank’s Vision Fund.
The business is valued at $2.8bn and is one of the only fintechs to have maintained a sustained profit