Chief executive Rishi Khosla and co-founder Joel Perlman launched this challenger bank in 2015. OakNorth provides loans to small and medium-sized businesses and says it has lent more than £7bn to UK entrepreneurs. It claims this has helped to create more than 31,600 jobs and 22,300 homes. The bank has raised more than $1bn in total, including a $440m funding round led by Japanese investor SoftBank in 2019, when OakNorth was valued at $2.8bn.
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