The next-generation credit platform that’s redefining lower mid-market business lending globally

At A Glance


The next-generation credit platform that’s redefining lower mid-market business lending globally

Head Office:


Geographical Presence:

London, NYC, Singapore, Gurgaon, Bangalore, Shanghai and Hong Kong

Target Customer:

Non-UK banks who do lower mid-market business lending (loans of $1m-$25m USD)

Supply Chain Processes:

SME lending, credit analysis, portfolio monitoring, SME loan origination

Company Description

OakNorth is the next-generation credit platform that is redefining lending to lower mid-market businesses ($1-$25m loan size) globally.

The group was founded by Rishi Khosla and Joel Perlman, themselves entrepreneurs who were inspired to launch the business following the challenges they faced in securing debt finance from high street banks for their previous business, Copal Amba (which scaled to c.3,000 employees and was acquired by Moody’s Corporation in 2014).

Since its inception, OakNorth has secured over $1bn from several investors, including: Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank’s Vision Fund.
 OakNorth is one of the few fintech businesses globally that has managed to generate sustained profits.

What We Do & How We Do It

In the UK, we leverage our platform to do our own balance sheet lending (via OakNorth Bank). Launched in September 2015, the bank has lent several billion pounds to UK businesses, including: bars, restaurants, hotels, private equity firms, funds, professional services companies, property developers, care homes, nurseries, colleges, etc.

Outside of the UK, the platform is licensed to banks and lending institutions in order to help them more effectively lend to lower mid-market businesses.

The platform is deployed seamlessly alongside its bank and lending partners’ existing credit processes, enabling them to more holistically and profitably cater to this market segment. It supplements the traditional method of relying on backward-looking historical data sourced from the borrower, and scenario analysis based on standard haircuts that are not necessarily linked to industry drivers (Level 1 and 2 analysis), with technology and massive data sets, to model a forward-looking view that’s informed by industry benchmarks, macroeconomic drivers, and scenario analysis specific to each business (Level 3 and 4 analysis).

Latest News

Appointment of platform CEO, Sunil Chandra, who joins from Google where he was a VP who’d been with the company for 12.5 years

57 Broadwick Street,
United Kingdom