Tagged: oaknorth bank

UK’s OakNorth and ASK Partners Mark First Year of Corporate Collaboration

One year ago, OakNorth – the UK digital bank has acquired a 50% stake in ASK Partners (ASK), a specialist lender that reportedly has enabled over £1.4 billion of lending through its platform “where institutional partners, family offices, and high net worth individuals provide funding.”… Read More

UK’s OakNorth Bank Research: Scale-up Firms Make Up 1% of SMEs, but Contribute £500B to Economy

OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. The new report, titled ‘The Scale of the… Read More

Digital Bank OakNorth and Founders4Schools to Support Students with Education and Career Opportunities

OakNorth, a regulated digital bank, and Founders4Schools, an ed-tech charity for teachers, have announced a new partnership to support 100,000 secondary school students -16 year-olds) – “including 40,000 from disadvantaged socioeconomic backgrounds – over the next three years.” The program will provide secondary school students… Read More

Challenger OakNorth Bank Provides Loan for Major Development

OakNorth Bank, launched in 2015 aiming to provide access to capital for the “missing middle,”  has provided a £900K facility to redevelop an existing major mixed-use scheme in Rock, Cornwall being developed by SWPG Rock Limited. Founded in May 2020, SWPG Rock Limited, is owned… Read More

Challenger OakNorth Bank Originates £531,000 Loan to Sincere Homes

OakNorth Bank, a challenger bank that focuses on entrepreneurs, has completed a £531,000 loan to Sincere Homes, the development arm of Midway Care Group. OakNorth focuses on supporting two main divisions. In the UK, the Fintech serves as a banking challenger that provides loans from… Read More

Challenger OakNorth Bank Completes £4.4 Million CBILS Loan

OakNorth Bank has completed a £4.4 million Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of Beulah Vista Caring Home in London. OakNorth Bank says that the number of care home beds per 100 people over the age of 85 has fallen… Read More

UK-based OakNorth Bank Confirms that SME-focused Real Estate Lender, OIMIO, to Launch in the Netherlands

UK-based OakNorth, a digital bank for small and medium-sized companies (SMEs) that offers business and property loans, has confirmed that OIMIO, a commercial real estate SME-focused lender, has established operations in the Netherlands. The lending firm will be launching a supplier’s credit analysis and monitoring… Read More

UK’s OakNorth Bank Finalizes £20 Million Debt Financing Deal with LV Care Group

UK-based OakNorth Bank, an institution managed by OakNorth, has reportedly finalized a debt financing deal valued at £20 million (appr. $26.25 million) with LV Care Group, one of the leading care home providers in Jersey. Established in 2011 by Nick Bettany and Chris Shelton, the… Read More

UK’s OakNorth Bank Finalizes £8 Million Deal to Finance Share Repurchase of Security Plus, a Major Indepdent Volume Cash Carrier

UK’s OakNorth Bank, which is run by OakNorth, has finalized a deal worth £8 million (appr. $10.5 million) to finance a share repurchase for shareholders of Security Plus, Europe’s leading independent volume cash carrier. Established in 1977, Security Plus currently manages around 3,500 live contracts…. Read More

UK’s Service Apartment Provider thesqua.re Secures $2M Investment From Crowd2Fund & OakNorth Bank

On Wednesday, serviced apartments provider, thesqua.re, announced it has closed an investment round of $2 million from Crowd2Fund and OakNorth Bank. thesqua.re, which was previously known as House of Modern Living or MoLi, was founded in 2009 and has grown profitably at 80% CAGR to cross $10… Read More

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