OakNorth UK Ltd
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OakNorth UK Ltd - overview
Established
2015
Location
London, -, UK
Primary Industry
Financial Services
About
Founded in 2015 and based in London, UK, OakNorth Bank plc aka OakNorth UK Ltd operates an AI-integrated platform that provides online banking solutions including personal saving accounts, loans, and business credit financing services. The company was co-founded by Rishi Khosla (CEO) and Joel Perlman. In August 2025, Affinity Partners agreed to acquire an 8% minority stake in OakNorth UK Ltd. Financial terms were not disclosed.
The company offers digital banking services to its customers. It uses data-driven technology to provide its services. The firm solution range includes business loans, business banking, and many others. Additionally, the firm provides personal saving and financing solutions.
Current Investors
Indiabulls Credit Services, Coltrane Asset Management, Toscafund Asset Management
Primary Industry
Financial Services
Sub Industries
Consumer Finance, e-Financial
Website
www.oaknorth.com
Verticals
Artificial Intelligence, FinTech, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
OakNorth UK Ltd - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 160,000 | 7,667,000 | 28,271,000 | 60,078,000 | 104,341,000 | 140,116,000 | 176,190,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | 4691.9% | 268.7% | 112.5% | 73.7% | 34.3% | 25.7% | - | - | - |
| EBITDA (USD) | (253,312) | (2,262,000) | (1,557,000) | 11,560,000 | 35,066,000 | 67,353,000 | 79,016,000 | 135,186,000 | - | - | - |
| Operating Income (USD) | (254,142) | (2,287,000) | (2,421,000) | 10,580,000 | 33,854,000 | 65,866,000 | 77,583,000 | 134,540,000 | - | - | - |
| Operating Margin | - | (1429.4%) | (31.6%) | 37.4% | 56.4% | 63.1% | 55.4% | 76.4% | - | - | - |
| % EBITDA Margin | - | (1413.8%) | (20.3%) | 40.9% | 58.4% | 64.6% | 56.4% | 76.7% | - | - | - |
| NET Income (USD) | (254,906) | (2,287,000) | (2,421,000) | 9,474,000 | 26,580,000 | 49,976,000 | 58,534,000 | 100,392,000 | - | - | - |
| % Net Margin | - | (1429.4%) | (31.6%) | 33.5% | 44.2% | 47.9% | 41.8% | 57.0% | - | - | - |
OakNorth UK Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Monite GmbH | - |
Displaying 1 - 1 of 1
OakNorth UK Ltd - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chief Risk Officer & main board member | BM |
BM Board Member
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