When it comes to scaling high-growth companies, the right financial support can make all the difference. For VC and PE-backed businesses, access to strategic, responsive banking is critical – yet many traditional banks fall short of meeting these unique needs. Here at OakNorth, we offer a fresh approach to business banking, working as an agile partner that empowers growth across every stage, providing tailored resources and support that help companies keep pace with their ambitions.
Enabling rapid scale with streamlined processes
High-growth companies often need to make swift financial moves to seize opportunities and stay ahead. So why would they expect any less from their business bank? Many of these businesses have outgrown the basic services offered by consumer neobanks and now require a banking partner that understands complex shareholder structures and evolving financial needs. With our streamlined application process, VC-backed portfolio companies can have their banking setup completed within days, helping them avoid unnecessary bottlenecks and focus on executing their strategies. Time saved in setup means businesses can access resources and get moving immediately, supporting their goal to scale swiftly.
A dedicated Business Partner on speed dial
Scaling brings unique challenges and having a trusted advisor who truly understands the journey can make all the difference. Unlike neobanks that lack personalised support, we provide each portfolio company with a dedicated business partner who offers insights and strategic support whenever it’s needed. With expertise only a call away, portfolio companies are able to tackle roadblocks quickly and proactively, keeping their growth on track without slowing down.
Making the most of excess capital
Every growth journey is unique, and managing cash reserves effectively is critical to sustaining momentum. We offer VC-backed portfolio companies an exclusive 95-day notice account with a competitive 4.50% AER*, waiving the usual £100k minimum deposit requirement. This flexibility allows companies to manage excess capital strategically, earning attractive returns without the usual constraints. Additionally, diversifying cash holdings can help reduce risk concentration associated with keeping deposits in one place. For portfolio companies optimising cash flow and growth funding, this is a valuable advantage, particularly when traditional accounts often impose restrictive minimums or limited access to higher rates.
Expanding connections through a network of innovators
What about building a network of peers and mentors to help fuel that growth? We extend this value by offering portfolio companies access to an exclusive network of entrepreneurs, industry thought leaders, and private events, providing opportunities to connect and collaborate. Our very own co-founders, Rishi Khosla and Joel Perlman, are successful entrepreneurs who understand the challenges of scaling a business firsthand and are generous in sharing their expertise and mentoring others. This community-oriented approach creates a unique support system that goes beyond traditional banking, encouraging meaningful connections among businesses facing similar challenges.
Setting the stage for long-term success
Scaling successfully isn’t just about meeting today’s financial needs; it’s about preparing for every stage ahead. We understand that every portfolio company has its own unique complexities, and our offering blends tech innovation with industry expertise to support this journey.
Over the years, we’ve empowered iconic British brands like Leon and Deliciously Ella to scale rapidly, each reaching notable acquisition milestones with our support. Croud is another example – a company that benefited from tailored solutions and flexible financing, fueling their growth through multiple phases in a competitive market. This hands-on, strategic partnership approach helps businesses adapt, thrive, and sustain growth.
Founded in 2015 by entrepreneurs Rishi Khosla and Joel Perlman specifically for entrepreneurs, OakNorth is a fast-growing, entrepreneurial bank that truly understands the journey. We speak from experience, having navigated the challenges of rapid growth ourselves, and bring that firsthand knowledge to every partnership. For VC and PE firms looking to unlock the full potential of their investments, we are an ally who understands the pace, pressures, and ambitions of high-growth companies.
If you’d like to learn more about our business banking proposition and exclusive benefits for VC-backed companies, please get in touch now.
Contact:
Hugo Sousa, Senior Director
