We’re OakNorth, and we help entrepreneurs scale quickly, realise their ambitions and make data-driven decisions.
And for those who want to make their money go further, while helping businesses thrive? Our savings accounts support the high street and create new jobs, while earning our customers competitive interest.
OakNorth was built on the foundations of frustrations. In 2005, when our founders tried to get business finance for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer – and it was broken.
Why was it so difficult for a profitable business with healthy cash flow, retained clients and commercial success to get a loan? The industry was too focused on financials from the past, rather than potential in the future.
So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? And what if that bank allowed savers to invest their money into businesses that create jobs in their communities?
Say hello to OakNorth.
We know what it takes to run a business. We know time-wasting is frustrating. We’re serving overlooked and underserved businesses because we were once one too.
Saving with OakNorth means supporting the UK’s most ambitious businesses. When you help fund their growth, you help create new jobs, build new homes and strengthen the economy.
Tech takes us places; people make those places worth going to. We help businesses and savers achieve their financial goals.
We've lent over £8.5bn to UK businesses
We've raised deposits from over 160,000 savers
We're one of the only profitable digital banks
We've helped to create over 36,000 new jobs
We've helped to create over 25,000 new homes
We work together to achieve our goals, whether it’s across teams, countries, departments or people in a room.
Success is better shared. We channel the right ambition as individuals to meet our collective goals.
Our customers drive everything we do. We go beyond satisfaction to deliver delight at every opportunity.
Better is good, ten times better is great. We set ambitious goals and work to deliver outsized results.
We’re go-getters so we take decisive action, at pace. It helps us turn dreams into accomplishments.
If it isn’t working, we start from scratch to produce the best solutions for customers and colleagues.
We’re open and transparent with our stakeholders and encourage honest and constructive input from our team.
We’re founded by entrepreneurs, Rishi Khosla and Joel Perlman. They studied together and went on to start, scale, and sell a successful data analytics company called Copal Amba. While growing Copal, they were looking for capital, but UK banks weren’t willing to lend to them, despite their profitability and commercial success.
Today, our founders are still front and centre. They help drive the vision of the bank and serve as a reminder of why we do what we do and their entrepreneurial spirit makes us unlike any other bank in the UK.
With a strong focus on learning, we adapt and embrace progress through mentoring and constant knowledge sharing – it’s something Rishi and Joel found invaluable during their time at LSE. To give back to the bright minds of the future in the same way, OakNorth has partnered with LSE Generate to create our Mentorpreneurship programme that connects students from across the UK with professional and conscientious mentors.