Home » General World News » Entrepreneur bank OakNorth had lent £100 million by last June — this year it lent £100 million in a month

Entrepreneur bank OakNorth had lent £100 million by last June — this year it lent £100 million in a month





OakNorth founders Rishi Kholsa, left, and Joel Perlman.

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 >>>

Source:: BusinessInsider.Com

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