OakNorth Bank – the bank for entrepreneurs, by entrepreneurs

Launched in September 2015, OakNorth Bank was the first bank globally to leverage the ON Credit Intelligence Suite, deploying it from day one.

Since then, it has grown into one of the most successful new banks, achieving performance metrics that rank it amongst the top 1% of banks globally – an ROE run-rate of 23%, an efficiency ratio run-rate of 26%, a borrower NPS of 80.5, and pre-tax profits that increased 95% in 2019 to £65.9m. In 2020, it was named by the Financial Times as the number one fastest-growing business in Europe (source: FT 1000).

Through leveraging the ON Credit Intelligence Suite, OakNorth Bank has managed to profitably lend several billion pounds to hundreds of British businesses who have in turn gone on to create almost 15,000 new affordable and social homes and 20,000 new jobs across the UK.

"We built OakNorth Bank to empower the missing middle. Missing Middle businesses are the most significant contributors to economic and employment growth. They have developed productive and profitable business models, so by giving them access to finance, you enable them to scale and in doing so, improve productivity, employment and GDP growth across the country."

Rishi Khosla, co-founder and CEO of OakNorth Bank

What OakNorth Bank’s clients say

"It was a pleasure working with OakNorth– we’re no strangers to securing debt finance for large-scale projects, but this experience was one of the simplest and most stress-free transactions we’ve concluded."

Jo Allen, Chief Executive of Frogmore

"I have never had this kind of experience with any lender in my life – I have been so impressed by the speed and transparency with which OakNorth Bank operates. If the major clearing banks want to learn about how to genuinely do things differently, they should be looking at OakNorth."

Surinder Arora, Founder and Chairman of Arora Group

"Everyone with whom we interacted at OakNorth have been helpful, courteous, hard-working, truly professional, friendly and collaborative in the extreme."

Tom Walsh, Founder and Chief Executive of Staycity Aparthotels