Tagged: oaknorth

OakNorth Reportedly Entered into Deals with Capital One, Fifth Third Bank

King Richard Parliament Westminster London UK

OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. OakNorth has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth Third Bank will be using… Read More

SoftBank backed Challenger Bank OakNorth Claims it’s been Lending to UK SMEs at Record Levels During COVID

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SoftBank-backed Fintech firm OakNorth claims that it has been issuing loans at record levels following the COVID-19 outbreak. Established in 2015, OakNorth was recently valued at $2.8 billion and has managed to achieve profitability. This is not too common for many of the firms or… Read More

Customers Bank Partners With Digital Bank OakNorth to Increase Paycheck Protection Program Commitment to $500 Million

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Customers Bank (NYSE:CUBI) announced on Friday it has increased its Paycheck Protection Program commitment to $500 million by using digital banking OakNorth to help support American small and medium-sized businesses during the coronavirus (COVID-19) pandemic.  As previously reported, the Paycheck Protection Program is part of… Read More

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

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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

Philip Hammond, Former UK Secretary and Chancellor, Joins Softbank-backed Fintech OakNorth

Philip Hammond Autumn Budget 2018

Philip Hammond, former Member of Parliament and Chancellor of the Exchequer, has reportedly joined SoftBank-backed Fintech firm OakNorth as the company continues to focus on its international expansion efforts. Hammond will be serving as a member of OakNorth’s advisory board, beginning on January 27. He… Read More

Digital Bank OakNorth Lends £2.3 Million to Property Investment Platform Riverside Capital

London UK Offices Property Real Estate Rentals Sign

Riverside Capital, a platform for professional investors and intermediaries to invest in the UK commercial property market, has received a £2.3 million loan from OakNorth Bank. The funding will be utilized to acquire and develop a two-story office in Hoxton. The development is also said… Read More

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

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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

Report: OakNorth and N26 Have Received the Most Funding Out of All US and European Digital Banks

Bank Banking First National Bank

Digital-only banks, or neo-banks, are not dependent on outdated, legacy financial infrastructure. These virtual banks are more efficient than traditional banking institutions because they operate without the costly networks of physical branches. Neobanks have been working towards transforming the retail banking sector in major financial… Read More

Fintech: UK’s OakNorth Bank Appoints Former Google Executive Sunil Chandra As CEO of Its New Credit Platform

Charles Darwin Money Pound England UK

OakNorth, a UK-based digital bank that provides business and property loans to small and medium-sized businesses, announced on October 7 the appointment of Sunil Chandra as CEO of its new credit platform. Chandra, a former VP at Google Inc, helped scale the internet company’s talent… Read More

Monzo: Users May Now Open An ISA Through Monzo Mobile App

Monzo Joint Account

UK challenger bank Monzo announced on Thursday that users may now use the Monzo mobile app to open a cash ISA (Individual Savings Account), thanks to its partnership with OakNorth. It was revealed: “You’ll need to deposit a minimum of £500 to open one. In both… Read More

UK Fintech OakNorth Secures $440 Million Through Latest Investment Round Led By Japan’s SoftBank

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OakNorth, a UK-based fintech startup, has successfully secured $440 million through its latest investment round, which was led by Japan’s SoftBank Group Corp.  Launched in 2015 by Rich Khosla and Joel Perlman, OakNorth claims to be Europe’s fastest-growing fintech company by assets and valuation. The company… Read More

Mambu: A Truly Global SaaS Banking Platform for Traditional Finance & Fintechs

Eugene Danilkis

Mambu is a Software as a Service (SaaS) platform that has quickly differentiated its product as a leader in the white label core banking space. The cloud based service provides a path for both traditional finance and Fintech’s to rapidly launch a digitally native financial… Read More

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