About OakNorth Bank
OakNorth Bank is a Financial Services company based in Manchester (United Kingdom) founded in 2013 by Rishi Khosla and Joel Perlman. Commercial bank. OakNorth Bank has raised $961.88 million across 9 funding rounds from investors including FIS, Indiabulls Housing Finance and Indiabulls Group. The company has 681 employees. OakNorth Bank has completed 1 acquisition, including BTTC Infrastructure. OakNorth Bank was last valued at $5 billion in September 2021. Its chief executive, as recorded, is Rishi Khosla. Its website oaknorth.co.uk draws about 136 thousand monthly visits. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its legal entity is OAKNORTH BANK PLC. Its competitors include Finseta, Amaiz and CardOneMoney; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Manchester, United Kingdom
- Employees 681
- Founders Rishi Khosla, Joel Perlman
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website oaknorth.co.uk
- Social LinkedIn X Facebook
- Legal Name Oaknorth Bank Plc
- Date of Incorporation 03 Jul, 2013
- Jurisdiction LONDON, ENGLAND
- Annual Revenue$419.35 K (USD)as on Dec 31, 2025
- Net Profit$172.24 M (USD)as on Dec 31, 2023
- EBITDA$293.41 K (USD)as on Dec 31, 2025
- Total Equity Funding$961.88M (USD)
in 9 rounds
- InvestorsFIS
& 19 more
- Employee Count681
- Investments & Acquisitions
Apps and channels of OakNorth Bank
OakNorth Bank publishes 1 mobile app with over 10K+ downloads.
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 $961.88M
- Total Rounds 9
- First Round $100M
(Nov 2015)
- Investors Count 20
All 9 funding rounds of OakNorth Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | Series C | – | FIS | – | |
| Aug 2020 | Debt – Conventional | – | – | ||
| May 2019 | $38.64M | Debt – Conventional | – | – | |
| Feb 2019 | $440M | Series C | $2.8B | SoftBank Vision Fund | |
| Dec 2018 | $24.22M | Debt – Conventional | – | – | |
| Sep 2018 | $100M | Series B | $1.4B | EDBI, NIBC | – |
| Nov 2017 | $118.52M | Series A | – | GIC | – |
| Oct 2017 | $203.36M | Series A | – | The Clermont, Toscafund Asset Management | |
| Nov 2015 | $100M | Series A | – | Indiabulls Housing Finance | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2019 | $2.8B | •••••••• |
| Sep 2018 | $1.4B | •••••••• |
Full valuation and stage history of OakNorth Bank
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Last known valuation $5B (Sep 2021). 20 investors in total: 20 institutional.
Investors in OakNorth Bank
OakNorth Bank has secured backing from 20 investors, including institutional and venture fund investors. Prominent investors backing the company include FIS, Indiabulls Housing Finance and Indiabulls Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt fund and fund of funds focused on startups | 2014 | british-business-bank.co.uk | Sheffield, United Kingdom | |
Private equity investments are directed toward Singapore by The Clermont. | clermont.com | Singapore, Singapore | ||
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Private equity firm investing in real estate projects | 2017 | orlandiscapital.com | London, United Kingdom | |
Government-backed investments are directed toward healthcare, fintech, and various sectors. | edbi.com | Singapore, Singapore | ||
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Early-stage tech & life sciences focused VC firm investing in Asia, the UK and the US | amalthea-capital.com | Dubai, United Arab Emirates | ||
Entrepreneur support services, accelerator programs, and mentorship in technology sectors. | venturecenter.co | |||
Level Ventures is engaged in investing in venture firms globally. | levelvc.com | New York, United States | ||
Angel network focused on multiple sectors | 2020 | angelbay.in | Gurugram, India |
Investor details for OakNorth Bank
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People of OakNorth Bank
130 people are tracked at OakNorth Bank (85 in leadership, 5 in board & advisors, 40 in team); the tracked headcount is 681.
| Name | Role | Group |
|---|---|---|
Rishi Khosla | Co-Founder & CEO | Leadership |
Joel Perlman | Co-Founder | Leadership |
Thomas Robinson | Product Director | Leadership |
Sumant Srivastava | Director, Legal and Transaction Management | Leadership |
Ben Wulwik | Head of Legal and Transaction Management | Leadership |
Carl Pearse | Interim Chief Technology Officer | Leadership |
Ioana Manuela Navarra | Associate Director, People Operations | Leadership |
Jayan Taank | Director - Savings And Deposits | Leadership |
Hilton Foster | Director, Debt Finance (London) | Leadership |
Rahul Tiwari | Deputy Vice President, Strategy | Leadership |
Rahul Bakshi | Director of Engineering | Leadership |
Mandy Sanaghan | Director Real Estate Portfolio Management | Leadership |
Michael Hancock | Chief Technology Officer | Leadership |
James Espley | Director - Property and Debt Finance | Leadership |
Farzana Choudhary | Director, People Operations | Leadership |
Emma Backhouse | Senior Director, Legal, Portfolio Monitoring | Leadership |
Kieran Mangan | Director of Engineering | Leadership |
Jules di Mambro | Head of Corporate Finance | Leadership |
Lillian Bautista | Chief People Officer | Leadership |
Annari Hall | Director of Product Design | Leadership |
110 more people are available in the full profile.
Complete people profiles for OakNorth Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by OakNorth Bank
OakNorth Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BTTC Infrastructure.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Infrastructure development and management consulting services are provided. | bttc-infrastructure.co.uk | Chester, United Kingdom | 2016 | Jul 2022 | •••• |
Complete acquisition details for OakNorth Bank
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Timeline of OakNorth Bank
5 dated milestones of OakNorth Bank across 9 years, from founding to its latest funding, stage changes and deals.
- Founded OakNorth Bank is founded.
- Funding First funding round of $100.0M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series C,.
- Acquisition Acquires BTTC Infrastructure.
Competitors of OakNorth Bank
OakNorth Bank has 3 listed competitors in our database, 2 of them funded. They include Finseta, Amaiz and CardOneMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finseta.com | 2010 | London, United Kingdom | $268,531 | Multi-currency accounts and international payment solutions are offered by Finseta. | ||
| amaiz.com | 2017 | London, United Kingdom | $4.42M | 3 | Amaiz is recognized as an e-money institution providing digital banking solutions. | |
| cardonemoney.com | 2007 | Chester, United Kingdom | 78 | Prepaid debit card and current account services with cashback rewards. |
Detailed competitors of OakNorth Bank
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Web traffic of OakNorth Bank
The website of OakNorth Bank (oaknorth.co.uk) receives about 136.3K visits a month and ranks #305,519 among all websites worldwide, #4,538 in Banking Credit and Lending.
- Monthly visits136.3K
▲ 13.4% vs previous month
- Unique visitors52K
per month
- Global rank#305,519
among all websites
- Category rank#4,538
Finance · Banking Credit and Lending
- Bounce rate43%
- Pages per visit2.7
- Average visit2 min 04 sec
- DevicesDesktop 56% · Mobile 44%
Websites whose visitors overlap most with OakNorth Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cynergybank.co.uk | 100% | 95.6K | #388,299 | View details | |
| shawbrook.co.uk | 99% | 361.6K | #93,932 | View details | |
| santander.co.uk | 97% | 14M | #2,399 | View details | |
| aldermore.co.uk | 97% | 247.5K | #213,768 | View details | |
| ybs.co.uk | 94% | #58,754 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for OakNorth Bank
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as OakNorth Bank (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Oaknorth Bank
Complete news archive for OakNorth Bank
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Frequently Asked Questions about OakNorth Bank
OakNorth Bank was founded in 2013 and raised its 1st funding round 2 years after it was founded.
OakNorth Bank is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Rishi Khosla is the CEO of OakNorth Bank, as recorded in our data. They have also founded this 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 Series A of $100M, raised on Nov 2015.
OakNorth Bank has 681 employees.
Annual revenue of OakNorth Bank is $419.35K as on Dec 31, 2025.
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.
OakNorth Bank's top competitors include Finseta, Amaiz and CardOneMoney.
OakNorth Bank has made 1 acquisition, including BTTC Infrastructure.
OakNorth Bank has 20 investors. Key investors include FIS, Indiabulls Housing Finance, Indiabulls Group, Sumitomo Mitsui Banking Corporation, and British Business Bank.
The valuation of OakNorth Bank is $5B as of Sep 2021.
OakNorth Bank operates through Oaknorth Bank Plc.