About OakNorth Bank
OakNorth Bank is a company based in Manchester (United Kingdom) founded in 2013 by Rishi Khosla and Joel Perlman.. OakNorth Bank has raised $961.88 million across 9 funding rounds from investors including FIS, Indiabulls Housing Finance and British Business Bank. OakNorth Bank has completed 1 acquisition, including BTTC Infrastructure. OakNorth Bank operates in a competitive market with competitors including Grasshopper Bank, Jiko, Nano Banc, Finseta and Amaiz, among others.
- Headquarter Manchester, United Kingdom
- Founders Rishi Khosla, Joel Perlman
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oaknorth Bank Plc
- Date of Incorporation 03 Jul, 2013
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$961.88 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
FIS
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Leadership Team
32 people
Software Development Team
29 people
Finance and Accounting
16 people
Product Management Team
11 people
Senior Team
10 people
Legal and Compliance
9 people
Human Resources and Administration
8 people
Operations Team
4 people
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Funding Insights of OakNorth Bank
OakNorth Bank has successfully raised a total of $961.88M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(12 Nov 2015)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - OakNorth Bank | Valuation | FIS |
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| Aug, 2020 | Amount | Debt – Conventional - OakNorth Bank | Valuation |
investors |
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| May, 2019 | Amount | Debt – Conventional - OakNorth Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OakNorth Bank
OakNorth Bank has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include FIS, Indiabulls Housing Finance and British Business Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt fund and fund of funds focused on startups
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Founded Year | Domain | Location | |
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Private equity investments are directed toward Singapore by The Clermont.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OakNorth Bank
OakNorth Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BTTC Infrastructure. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Infrastructure development and management consulting services are provided.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OakNorth Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oaknorth Bank Comparisons
Competitors of OakNorth Bank
OakNorth Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grasshopper Bank, Jiko, Nano Banc, Finseta and Amaiz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are offered via an online platform.
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| domain | founded_year | HQ Location |
T-bill investing for businesses is enabled by a secure platform.
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| domain | founded_year | HQ Location |
Internet-first bank offering business banking services
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| domain | founded_year | HQ Location |
Multi-currency accounts and international payment solutions are offered by Finseta.
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| domain | founded_year | HQ Location |
Amaiz is recognized as an e-money institution providing digital banking solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oaknorth Bank
Frequently Asked Questions about OakNorth Bank
When was OakNorth Bank founded?
OakNorth Bank was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is OakNorth Bank located?
OakNorth Bank is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Who is the current CEO of OakNorth Bank?
Rishi Khosla is the current CEO of OakNorth Bank. They have also founded this company.
Is OakNorth Bank a funded company?
OakNorth Bank is a funded company, having raised a total of $961.88M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $38.64M, raised on Nov 12, 2015.
What does OakNorth Bank do?
OakNorth Bank was established in 2013 and is headquartered in Manchester, United Kingdom. As a commercial bank, operations are centered on lending to small and medium-sized enterprises, alongside deposit and advisory services. Focus is placed on data-driven credit assessments within the UK financial sector. The bank is led by co-founders Rishi Khosla as CEO and Joel Perlman as Managing Director, supporting business growth through tailored financial products.
Who are the top competitors of OakNorth Bank?
OakNorth Bank's top competitors include Grasshopper Bank, Jiko and Nano Banc.
How many acquisitions has OakNorth Bank made?
OakNorth Bank has made 1 acquisition, including BTTC Infrastructure.
Who are OakNorth Bank's investors?
OakNorth Bank has 13 investors. Key investors include FIS, Indiabulls Housing Finance, British Business Bank, NIBC, and SoftBank Vision Fund.
What is OakNorth Bank's valuation?
The valuation of OakNorth Bank is $2.8B as of Feb 2019.