OakNorth Bank
OakNorth Bank is a company based in United Kingdom. Builders in Fintech has recorded 10 equity rounds for OakNorth Bank, most recently an unspecified round of £9.8M on 19 December 2022.
Added ·
- FCA · Credit institution · Authorised
- £72.6M
- Unspecified · £9.8M · 19 December 2022
Timeline
Unspecified · £9.8M
Unspecified · £5.6M · Dandi (lead)
Unspecified · £4.9M · Fountainhead Ventures (lead)
Unspecified · £1.1M
Unspecified · £2.3M · of Mundesley
Unspecified · £20M
Unspecified · £750K · Guinness Asset Management
Unspecified · £3.5M
Unspecified · £4.6M · Literacy Capital
Unspecified · £20M
All funding rounds in the database
Product
Bank lending to scaling UK businesses, plus business accounts and savings
Digital banking
Markets: United Kingdom, United States
OakNorth is a UK-licensed bank founded in 2015 that lends to growing businesses, typically with GBP 1m to GBP 100m in turnover, offering secured and unsecured business loans structured case by case and decided using data and forward-looking scenario analysis rather than standard templates. Since 2023 it also offers business banking: a business current account with Visa business debit cards for teams, business savings accounts with variable rates tracking the Bank of England base rate, and a named Business Partner per customer instead of a call centre. OakNorth Bank plc is authorised by the PRA and regulated by the FCA and PRA. The group has extended its lending to the United States and announced the acquisition of Community Unity Bank in Michigan.
Description from the company website · Source
Licences & registrations
OakNorth Bank plc
Credit institution · FCA · United Kingdom
From public registers as of the last-checked date. Always confirm on the regulator's register before relying on it.