Fintech Startups London – OakNorth Bank
OakNorth was created to provide a ‘bank for entrepreneurs by entrepreneurs and has become one of the most active lenders in the UK today by providing loans, property finance and savings accounts to entrepreneurs and growing companies.
Since launching, OakNorth has lent over £3.4 billion and has over 50k customers mostly with savings accounts,
As a result OakNorth has been recognised as Leap 100 and Tech City’s Future Fifty startup.
The business model for OakNorth is as follows by offering loans between £0.5m upwards to fast-growing startups and businesses and especially entrepreneurial company owners. OakNorth believes they can ensure they understand the individual needs of the borrowing businesses better, rather than simply fixating on assets or collateral.
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