The company is currently valued at $2.8 billion and has lent $4 billion to British businesses with zero defaults; the...
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
Last year we saw continued interest in a broad array of fintech companies. Recently the fintech space has become more...
Businesses across Europe have reported vastly different experiences in their efforts to secure the financial support promised by their respective...
Philip Hammond is the former UK chancellor and foreign secretary; now he has joined OakNorth’s advisory board; Hammond stated to...
UK base challenger bank OakNorth launched a new mortgage product aimed at individuals who do not have typical sources of...
OakNorth’s latest partnership is similar to the one recently announced with Customers Bancorp; under the partnership, OakNorth will assist in...
Kaspersky Lab Sees Spike In Mobile Banking Cyberattacks Zero raises $20 million from NEA and others for a credit card...
Rishi Khosla, chief executive and co-founder of OakNorth, told CNBC that eventually the company plans to make the move into China; "It is going to be a market that we will go into. It's just a question of when and how rather than if," Khosla explained at a fintech event last week.; talk of a move comes after China’s new central bank head said he is willing to open the market to foreign companies; OakNorth has said they are in discussions with a variety of countries across the globe about expansion plan. Source.
Government-owned British Business Bank has added challenger bank OakNorth to its Help to Grow program; allows the company to receive loan funding of up to 2 million British pounds ($2.43 million); OakNorth is the first challenger bank to join the Help to Grow program; the funding follows a recent announcement of three new executive hires for OakNorth to support anticipated lending of 500 million British pounds ($608.39 million) in 2017. Source