Founded in 2015 by Rishi Khosla and Joel Perlman, OakNorth was created to address the "missing middle" – established small and medium-sized enterprises (SMEs) that are often underserved by traditional lenders. The company operates on a dual model: OakNorth Bank, a fully licensed UK bank, offers business loans and savings accounts directly to UK businesses and consumers. Concurrently, it licenses its proprietary ON Credit Intelligence Suite, a SaaS platform, to other banks and lending institutions around the world, enabling them to enhance their commercial lending processes with data-driven insights and efficiency.

Founded in

United Kingdom