OakNorth

OakNorth is a credit science platform that leverages machine learning, decades of credit expertise and massive data sets to model a forward-looking view of a borrower’s financial situation, that’s informed by industry benchmarks, macroeconomic drivers, and scenario analysis specific to that business. The Platform is licensed to banks around the world and is used by OakNorth in the UK to lend off its own balance sheet (via OakNorth Bank). Since its launch in September 2015, OakNorth Bank has lent several billion pounds to growth businesses across the UK, and thanks to the efficiencies the Platform provides, now ranks in the top 1% of banks globally in terms of efficiency ratio, ROE and NPS. Since its inception, the OakNorth group has secured over $1bn from leading investors, including: Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank. Rishi Khosla and Joel Perlman founded OakNorth in 2015 to address 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).