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# OakNorth
- URL: https://entrepreneurplus.co.uk/startups/oaknorth/
- Published: 2026-10-29T17:46:33.000Z
- Updated: 2026-11-03T17:46:36.000Z
- Description: Digital bank lending to scaling businesses in the UK and US, with over $17bn lent since 2015.
- Author: Editorial Desk
- Tags: #ep-startup

Digital bank lending to scaling businesses in the UK and US, with over $17bn lent since 2015.

- Fintech
- Series B+
- London

Sector

Fintech

Stage

Series B+

Based in

London

Founded

2015

Funding raised

Undisclosed

Website

[oaknorth.com](https://www.oaknorth.com/?ref=entrepreneurplus.co.uk)

OakNorth is a London-based digital bank focused on lending to established, growing businesses that are often underserved by high-street banks, funded by a retail savings franchise. Founded in 2015 by Rishi Khosla and Joel Perlman, who previously built and sold Copal Amba, it uses its own credit-analysis software to underwrite loans of a few hundred thousand to tens of millions of pounds. The bank says it has lent more than $17bn since launch, supporting over 61,000 jobs and 36,000 new homes, and began lending in the United States in 2023, passing $1bn of US loans in 2025\. Backers include SoftBank Vision Fund and Clermont Group, which led a $440m round in 2019.

## Team

- **Rishi Khosla**, Co-founder & CEO
- **Joel Perlman**, Co-founder

## Backed by

- [SSoftBank Vision Fund 2](https://entrepreneurplus.co.uk/investors/softbank-vision-fund-2/)

[LinkedIn](https://www.linkedin.com/company/oaknorth-bank?ref=entrepreneurplus.co.uk) · [X (Twitter)](https://x.com/oaknorth?ref=entrepreneurplus.co.uk)

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