Entrepreneur bank OakNorth had lent £100 million by last June — this year it lent £100 million in a month
|08/12/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Entrepreneur-focused bank OakNorth has more than doubled its loan book this year, lending out £430 million since January.
OakNorth, founded in 2015, now has a loan book of £710 million with £700 million worth of deals in the pipeline.
CEO and cofounder Rishi Khosla told Business Insider that last June OakNorth had a lifetime loan book of just £100 million.
By contrast, the bank closed £100 million-worth of loans in June this year, underlining just how fast the startup bank is growing.
Khosla, a serial entrepreneur, founded OakNorth with business partner Joel Perlman to support UK entrepreneurs scaling up their businesses. Recent read more >>>