Wallets/oaknorth
OakNorth
0 standards supported
Overview
OakNorth is a UK digital bank focused on lending to small and medium-sized businesses, operated by OakNorth Bank plc, which obtained a full UK banking license in 2015 [1, 2]. Unlike consumer neobanks, OakNorth pairs business lending and retail savings with a proprietary credit-analytics platform (OakNorth Credit Intelligence) that it also licenses to other banks. It is one of the relatively few profitable UK challenger banks and has expanded into the US business-lending market.
History
September 2015 — OakNorth Bank licensed [1, 2]: Founded by Rishi Khosla and Joel Perlman, OakNorth received its UK banking license and began lending to UK SMEs while funding via retail savings.
2017-2019 — Large growth rounds + profitability [2]: Backed heavily by SoftBank Vision Fund and others; OakNorth reported sustained profitability, unusual among challenger banks.
2020s — US expansion + platform licensing [2]: OakNorth expanded business lending into the US and grew its OakNorth Credit Intelligence software business, used by external banks.
Ownership & operator
Operating entity: OakNorth Bank plc (UK).
Founders: Rishi Khosla (CEO) + Joel Perlman [2].
Major investors: SoftBank Vision Fund, Clermont Group, EDBI, others [2].
Regulators: FCA + PRA (UK); deposits FSCS-protected.
Technical integration
| Layer | Description |
|---|---|
| Channels | OakNorth web + mobile app (primarily savings + business lending) |
| Identifiers | Email + sort code + account number |
| UK rails | Faster Payments + BACS |
| Lending platform | OakNorth Credit Intelligence — proprietary SME credit-analytics, also licensed to third-party banks |
| Products | Business loans, retail + business savings accounts |
Implementations & partners
Operator: OakNorth Bank plc (FCA + PRA-regulated UK bank).
Platform: OakNorth Credit Intelligence software, used by external lenders.
Competitors: [[allica-bank]] (UK SME bank), [[starling]] (SME banking), Tide, traditional UK business lenders; in the US, regional business lenders.
Status
- OakNorth Bank plc — full UK banking license since 2015.
- SME-lending digital bank funded by retail savings, plus a licensed credit-analytics platform.
- US business-lending expansion ongoing; precise current metrics not consistently disclosed in verifiable form (~).
Sources
Source
Biography extracted from oaknorth.md. See matrix.md for standards-support matrix if present.