FinTech profile: OakNorth Bank, Europe's most valuable fintech

By Amber Donovan-Stevens
This week FinTech Magazine takes a closer look at Europe most valuable fintech, with a US$2.8bn evaluation, OakNorth Bank. Factbox Founded: September...

This week FinTech Magazine takes a closer look at Europe most valuable fintech, with a US$2.8bn evaluation, OakNorth Bank.

Factbox

Founded: September 2015

Headquarters: London

Nof employees: 130

Founders: Rishi Khosla, Joel Perlman

Profit: £33.9mn (2018)

 

OakNorth Bank was founded in 2015 by Rishi Khosla and Joel Perlman.

 

[Founders, Rishi Khosla and Joel Perlman] [Image: Oaknorth]

The bank for entrepreneurs by entrepreneurs

Before the creation of OakNorth, Khosla and Perlman founded Copal Amba, a rapidly growing company that struggled to get financing as it didn't have property to act as security. As the company continued to grow, Khosla and Perlman became aware that this was an issue faced by millions of companies across the UK. In 2014, they sold Copal Amba to Moody's Corporation. From this demand, OakNorth was born. OakNorth is designed to provide business and property loans predominantly for small and medium sized companies. OakNorth has offices in London, Manchester, Gurgaon and Bangalore. Since its creation, it has loaned over £3bn to users, with over 55,000 customers with savings accounts. 

 

Key executives 

Cyrus Ardalan

Chairman

LinkedIn

Sunil Chandra

CEO

LinkedIn

Alok Prasad

Deputy CEO and COO

LinkedIn

Cristina Alba-Ochoa

CFO

LinkedIn

Amir Nooriala

CSO

SEE MORE:

Did you know?

Earlier this year the company secured an $440mn  investment. This is the largest investment of any fintech in European history, according to Fobes.

 

For more information on all topics for FinTech, please take a look at the latest edition of FinTech magazine.

Follow us on LinkedIn and Twitter.


 

Share

Featured Articles

Why Web3 payment services will overcome legacy limitations

Mark Smargon, founder and CEO of Fuse, discusses how Web3 will transform the payments space and overcome financial legacy limitations

Interview: We asked a chatbot what it thinks about chatbots

We interviewed ChatGPT, the text-based chatbot taking the internet by storm, about the future of artificial intelligence (AI) in banking and finance

The challenges of address data in cross-border payments

A truly global solution is critical to meeting cross-border needs at scale, writes Loqate, a leading developer of global address verification solutions

Top 10 fintech disruptions to watch out for in 2023

Financial Services (FinServ)

PBF CEO, Morgan McKenney on blockchain, DeFi & tokenization

Crypto

UAE-based BNPL fintech Tabby secures $58mn in Series C round

Digital Payments