About Company
About Us - OakNorth
With offices in London, New York, Singapore, Istanbul, Gurgaon, Bangalore and Shenzhen, OakNorth's mission is to enable growth businesses to obtain the debt finance they need to pursue their ambitions. Our fintech platform (OakNorth Analytical Intelligence),which we developed to address this problem, is being used by several leading banks around the world, and by us in the UK via our own balance sheet lending.
OakNorth was set up in 2015 by Rishi Khosla and Joel Perlman, who previously co-founded Copal Amba and grew it to 3,000 employees over 12 years, before selling it to Moody's (NYSE: MCO) in 2014, returning 125 times capital to seed investors.
Since its inception, the OakNorth Holdings group has secured over $1bn from several investors, including Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank Vision Fund.
OakNorth India is a core contributor to our mission of changing SME lending globally for growth companies. The team, based out of our offices in Gurgaon and Bangalore, constitute some of the best credit analysts in India along with a team of engineers and data scientists who integrate into a global product team - all focused on developing the OakNorth Analytical Intelligence platform which is revolutionizing customized mid-market lending globally. Today, the platform is being used by banks across Europe, North America and Asia, who have combined balance sheets in excess of $800bn.
In the UK, the platform has helped us build a profitable loan book of over $3bn with no defaults to date. Globally, the platform has been deployed at various banks across North America, Europe, and Asia with $6bn of assets under management. In terms of the impact this has had on the economy, our loans have directly helped with the creation of 9,500 new homes and 11,000 new jobs in the UK, as well as adding several billion pounds to the economy.