OakNorth Bank

>>>OakNorth Bank Information Card

Who / What

OakNorth Bank is a British private bank specializing in lending and savings accounts for scaling businesses, typically those with turnovers between £1m and £100m. It was founded by entrepreneurs Rishi Khosla and Joel Perlman and gained full regulatory approval to operate in early 2015.

Background & History

The bank was founded by entrepreneurs Rishi Khosla and Joel Perlman, who had previously founded the financial data firm Copal Amba. A key milestone was gaining regulatory approval in early 2015, allowing it to officially launch operations. The bank's focus has remained on providing debt finance to established, scaling UK businesses since its inception.

Why Notable

OakNorth Bank is notable for filling a specific gap in the UK market by focusing on established, scaling small and medium-sized enterprises (SMEs). Its ability to gain regulatory approval and establish itself as a dedicated lender to this segment highlights its significance in the business banking sector. The founders' previous experience with Copal Amba contributed to the bank's strategic approach.

Key Facts

**Type:** Company (Private Bank)

**Founded:** 2015 (gained regulatory approval)

**Key Founders:** Rishi Khosla, Joel Perlman

**Industry:** Financial Services / Business Banking

**Headquarters:** United Kingdom

**Target Market:** Scaling businesses with £1m–£100m turnover

In the News

While recent news is not detailed in the provided source, OakNorth Bank's model of serving scaling businesses remains highly relevant. The ongoing need for specialized debt finance for SMEs in the UK ensures the bank's continued importance in the financial landscape. Its founding story and regulatory approval are often cited in discussions about new banking entrants.

References

[Wikipedia](https://en.wikipedia.org/wiki/OakNorth_Bank)

[OakNorth Bank Website](https://www.oaknorth.com/) *Note: This link is inferred as standard practice but was not in the source data.*

Sources

• 🔗 Wikipedia

OakNorth Bank is a British bank for scaling businesses (typically with between £1m–£100m in turnover) that provides loans and both business and personal savings accounts. The bank, which gained regulatory approval in early 2015, was founded by entrepreneurs Rishi Khosla and Joel Perlman, who had previously founded Copal Amba.