OakNorth is a bank that helps UK businesses maximize their growth potential and supports savers in reaching their goals. The bank claims to support ambitious change-makers across various sectors and foster a diverse economy.

OakNorth

The digital bank for entrepreneurs, by entrepreneurs. We provide bespoke credit and banking services to businesses with £1m-£100m turnover across the UK and US.

With funding ranging from £250,000 to tens of millions, we have lent billions to businesses across a whole range of sectors, performing among the top 1% of commercial banks globally.

To date, OakNorth financing has helped create tens of thousands of new jobs and affordable homes.

The FIS FinTech Accelerator in Partnership with The Venture Center

Future Fifty

SoftBank Vision Fund

Clermont Group

Toscafund Asset Management

NIBC Bank N.V.

EDBI

Alanda Capital Management

Coltrane Asset Management

Exciting news… We made it into the Top 3 for GRI Club’s ‘Industrial & logistics project of the year’ award with Cerberus Capital Management and ALMCOR!

A big thank you to everyone who voted in the last round. Final voting is now open and we need your support to bring it home. Casting your vote is quick and simple.

VOTE NOW 👉 https://lnkd.in/defgKHzQ

Wasting precious time on banking admin? With OakNorth business banking, you can apply for an account in 10 minutes and be up and running in as little as a few days – not weeks or months.

Get back to growing your business – like our customer, Honey, who builds homes that combine style, substance, and sustainability.

Apply now or learn more: https://lnkd.in/g3cBQETp

#businessbanking #businesscurrentaccount #businesssavings

We were delighted to provide a £26.4m loan to Matter Real Estate-backed developer-operator Untold Living to support the construction of a newly consented site in Shropshire, alongside the operation of a scheme in Wiltshire.

Founded in 2022, Untold Living specialises in Integrated Retirement Communities (IRCs) across England, targeting the mid-market by offering affordable retirement living options. The IRCs offer a community environment that adapts to residents' needs as they age, positioned between traditional care homes and retirement housing.

Russell Jewell, CEO of Untold Living, commented: “We were impressed by OakNorth’s reputation in the UK’s retirement living sectors. Lucas and his team were able to create a bespoke funding package that supports our existing sites, and the development of our new site in Newport, saving us considerable time and effort. We look forward to working together as we substantially grow our pipeline.”

Lucas Anglin, Associate Director of Debt Finance at OakNorth, added: “Under the stewardship of its strong management team led by Russell, Untold Living has quickly built up an impressive reputation for operating and building high-quality retirement communities. With new retirement housing stock continuing to lag well behind the rapidly increasing demand, driven by the UK’s ageing population, Untold is in the perfect position to capitalise on these growing tailwinds. We look forward to strengthening our relationship with Russell moving forward and look forward to supporting Untold on more IRC projects in the future.”

Read the full press release: https://lnkd.in/g4Zc4uRT

This month marks the fifth anniversary of our North West debt finance team, based in Manchester. To date, we've provided c.£450m in bespoke funding to the region's most innovative businesses across various sectors, including hospitality, healthcare, and real estate.

Ben Barbanel, Head of Debt Finance said: “The work done by the team has meant numerous firms have achieved their growth ambitions, creating hundreds of new homes and jobs in the process. We remain as committed as ever to our mission to empower entrepreneurs, and will continue to invest in building our team, capabilities, and reach across the North West.”

Here's to many more years of supporting North West businesses on their growth journeys 🎉 

https://lnkd.in/dRB6jpak

We are proud to have completed a leveraged buy-out facility with Kester Capital to support its investment in world-leading architectural visualisation business, The Boundary. 
 
Founded in 2014, The Boundary has offices in the UK, the USA and New Zealand and is a rapidly growing international business with an exceptional reputation as the leading real-time rendering-focused VR studio in the architectural industry. 
 
Speaking about the deal, our Director of Debt Finance, Stuart Blair, said: “This transaction presented OakNorth with an attractive opportunity to support an experienced sponsor – with an excellent long term track record – with an investment in a leading tech-enabled provider of architectural visualisation to the global real estate industry. With Kester’s support, The Boundary is well-placed to continue its impressive growth and international expansion.”

Learn more here: https://lnkd.in/em_Pi2gX

We’re thrilled to complete a £45.7m loan to Veld Capital and Maya Capital to fund the new development of a 222-bedroom, upper-midscale hotel in central London.

Located in SE1, the hotel will be operated by Motel One Group, a Munich-based affordable lifestyle company which operates 90 hotels across 14 countries in Europe and the US. The loan from OakNorth provides capital to refinancing existing debt, part-fund the development costs and working capital for the initial opening months of the hotel.

Senior Director of Debt Finance, Deepesh Thakrar, said: “Both Veld and Maya Capital are well-established private equity firms with a demonstrated track record of developing assets and exiting well. They have found a strong and experienced operator in Motel One, and are well-located to attract the tourists they’re aiming for. As one of the few lenders that can provide an umbrella facility like this, we’ve been able to support Veld and Maya in the buy, build and stabilise under one agreement. This means they’ve been able to cut out the time needed to refinance once the hotel is built, saving them a big headache further down the line.”

Lean more here: https://lnkd.in/e4PM7-fy

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Owner

David Kearney

Finance and Administration

Amelia Morton

Business Management

Aniruddha Dixit

Director - Legal

Ashima Gogia

EA to Director | Risk Assessment | CFA Level 2 Candidate

Deepti A.

Human Resources

Elyssa Chaffai

Farzana Choudhary

Head of Sales & Customer Success

Hugh Shannon

Marketing and Product

Jackie Rotman

Director of Engineering

Luke Elliott

Cyrus Ardalan

Robert Burgess

Lord Francis Maude

Lord Adair Turner

Joel Perlman

Co-Founder

Rishi Khosla

Founder

Adam Agius

Director, Debt Finance

Jessica Reiter

Chief Marketing Officer

Amit Shah

Managing Director

Raj Cherabuddi

VP of engineering

Tiffany Teng

VP, Head Of Sales Operations

Damien Hughes

Senior Director, Debt Finance (OakNorth Bank)

Literacy Capital is a closed-end investment company focused on investing in and supporting small, growing UK businesses.

Dow Schofield Watts Corporate Finance provides investment, equity finance, advisory, forensic valuation and wealth management services.

honey will create homes where smarter designers create more interesting spaces.

MoneyPlus Group (MPG) is a privately-owned group of financial services companies with one common focus – giving their clients a better

This made Sticks’n’Sushi a dynamic and innovative force on the Danish gourmet scene. 

Sentry Doors is a specialist manufacturer of timber fire and security door-sets for the social housing, and residential markets.

Kolte Patil developers is a revered name in the real estate arena are into ultra luxurious residential and commercial spaces.

Spy Alarms is a UK provider of electronic security and fire services.

Mamas & Papas started life as a small family business, and for over 30 years we’ve been combining thoughtfully designed products

Finance Companies With Less Than $1B in Revenue (Top 10K)

Private Equity Funded Companies (Top 10K)

Companies With Less Than $500M in Revenue (Top 10K)

Companies With More Than $1M in Revenue (Top 10K)

OakNorth had a fundamental purpose: to serve and empower established small-to-medium sized businesses (SMEs) that were seeking to scale but were routinely underserved or overlooked by traditional banks: what it calls the ‘Missing Middle’.

Its founders, Rishi Khosla and Joel Perlman, had experienced this first-hand while scaling their previous company - Copal. In 2015, three years after launching that business, they applied for a bank loan and the ‘computer said ‘no’’, despite their business being profitable. The products, services, and experience needed to make their lives as a scaling business easier, and enable them to reach their full potential, were ‘missing’ from banks’ offerings.

As entrepreneurs, their response was to build what was missing: a neobank for entrepreneurs, by entrepreneurs.

To date, its bespoke debt finance solutions have supported property developers, care homes, specialist schools and nurseries, hotels, bars and restaurants, pub operators, as well as fund and specialist finance providers. With a range of specialist secured and unsecured business loans, OakNorth caters to the growth plans of businesses, without asking them to give up equity.

Despite experiencing not one, but two unprecedented events – Brexit and COVID-19 – since its launch, the bank has continued supporting growth businesses across the UK. It’s lent over £10 billion to date, directly helping with the creation of almost tens of thousands of new jobs and new homes (the significant majority of which are affordable and social housing).

Its data-led approach allows it to look at the future, rather than just fixating on the past, meaning it avoids making decisions based on outdated financials. Using data and analytics, it builds up a granular view of every business in its portfolio, combining this with forward-looking scenario analysis, to enable it to be a trusted funding partner as the business scales, and continue confidently lending through economic cycles and unprecedented events.

By behaving as reliable, long-term partners to its customers throughout the pandemic, rather than just bankers, it has been able to make them its best advocates. As a result, c.80% of its new lending comes via referrals, and 40% of its borrowers are repeat customers.

Non Equity Assistance - OakNorth

Private Equity Round - OakNorth

Series B - OakNorth

Sammaan Capital

Series A - OakNorth

Seed Round - OakNorth

Manchester

United Kingdom

Europe

OakNorth Provides $25.1m Note-on-note Facility to Mavik Capital to Finance the Conversion of Vacant Hotel in Syracuse, New York Into Multifamily Property

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Nick Lee, Head of Regulatory and Government Affairs at OakNorth

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Literacy Capital refinances revolving credit facility with OakNorth

UK’s Digital Bank OakNorth Completes £2M Revolving Credit Facility to Spy Alarms

OakNorth provides secured and unsecured business loans, requiring personal or corporate guarantees, to support business growth and expansion.

OakNorth offers personal savings accounts with competitive interest rates, protected by the Financial Services Compensation Scheme up to £85,000.

A savings product linked to a current account, allowing users to earn interest on deposits with flexible access via a mobile app.

OakNorth offers loans to consolidate multiple debts into a single monthly repayment, simplifying management and potentially improving cash flow.

Financing for purchasing residential properties for rental or resale, aimed at expanding property portfolios with quick application processes.

An independent function assessing risk management, governance, and internal controls to protect the bank's assets and reputation.

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