Tagged: oaknorth bank

March 13, 2025 @ 10:51 pm By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs, released its latest Annual Report, revealing pre-tax profits of £214.8m (appr. $271.6m) in 2024 (FY23 £187.3m / $236.8m). OakNorth provided over £2.1bn ($2.6bn) of gross “new lending in 2024, continuing its track-record of supporting ambitious and innovative businesses… Read More

December 26, 2024 @ 8:02 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, has partnered with HSBC and Santander on a club lending facility to Star Capital to support its buy-out of Subsea Technology & Rentals (STR). The capital will reportedly enable STR to evolve its equipment and service offering via “organic… Read More

October 14, 2024 @ 8:00 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has reportedly provided a £2.25m loan to a new joint venture between Dukesmead Property Group, Kyte Property and returning customer, Grosvenor Hill. Established back in 2019, and led by a senior Management team, including Rodney Bishop, Dukesmead… Read More

September 28, 2024 @ 10:37 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £40m NAV Revolving Credit Facility (RCF) to returning customer, Literacy Capital. Founded in 2017 by Paul and Richard Pindar, Literacy is “a closed-end investment company focused on investing in and supporting growing UK businesses and… Read More

May 1, 2024 @ 8:04 am By Omar Faridi  |  

OakNorth, which says it is the digital bank for entrepreneurs, by entrepreneurs, has completed a £1.3m loan to Caissa Holdings, in support of its first commercial property acquisition in Scotland. The time-critical deal was completed within a month, “highlighting OakNorth’s execution and delivery capability.” Caissa… Read More

April 28, 2024 @ 1:37 pm By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a partnership with OakNorth, the digital bank for entrepreneurs, by entrepreneurs, to offer a commercial card for OakNorth’s Business Banking customers. Thanks to the speed, flexibility… Read More

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

January 17, 2024 @ 1:47 pm By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs by entrepreneurs – has provided a loan to Lovett Care, the care home provider. Founded in 2009, Lovett Care specializes in “offering residential, nursing and dementia care across England and Wales.” The past three years has seen the… Read More

December 28, 2023 @ 9:45 pm By Omar Faridi  |  

OakNorth – a UK-based digital bank, has added Lord (Adair) Turner as its Chairman of the Board. Lord Turner reportedly has “an extensive track record in financial services, including as Vice-Chairman of Merrill Lynch Europe, a Board Director of Standard Chartered, Chair of the Financial… Read More

December 11, 2023 @ 7:13 am By Omar Faridi  |  

OakNorth, a UK-based digital bank, has provided a debt finance facility to support the latest acquisition project of ALMCOR and an affiliate of Cerberus Capital Management, L.P. ALMCOR claims that it has over 25 years of experience “operating in the UK and European real estate… Read More

November 23, 2023 @ 10:25 am By Omar Faridi  |  

One year ago, OakNorth – the UK digital bank has acquired a 50% stake in ASK Partners (ASK), a specialist lender that reportedly has enabled over £1.4 billion of lending through its platform “where institutional partners, family offices, and high net worth individuals provide funding.”… Read More

November 20, 2023 @ 9:28 am By Omar Faridi  |  

OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. The new report, titled ‘The Scale of the… Read More

November 6, 2023 @ 7:11 am By Omar Faridi  |  

OakNorth, a regulated digital bank, and Founders4Schools, an ed-tech charity for teachers, have announced a new partnership to support 100,000 secondary school students -16 year-olds) – “including 40,000 from disadvantaged socioeconomic backgrounds – over the next three years.” The program will provide secondary school students… Read More

June 6, 2022 @ 9:24 am By JD Alois  |  

OakNorth Bank, launched in 2015 aiming to provide access to capital for the “missing middle,”  has provided a £900K facility to redevelop an existing major mixed-use scheme in Rock, Cornwall being developed by SWPG Rock Limited. Founded in May 2020, SWPG Rock Limited, is owned… Read More

December 2, 2021 @ 6:07 am By JD Alois  |  

OakNorth Bank, a challenger bank that focuses on entrepreneurs, has completed a £531,000 loan to Sincere Homes, the development arm of Midway Care Group. OakNorth focuses on supporting two main divisions. In the UK, the Fintech serves as a banking challenger that provides loans from… Read More

February 25, 2021 @ 6:32 am By JD Alois  |  

OakNorth Bank has completed a £4.4 million Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of Beulah Vista Caring Home in London. OakNorth Bank says that the number of care home beds per 100 people over the age of 85 has fallen… Read More

February 3, 2020 @ 8:23 am By Omar Faridi  |  

UK-based OakNorth, a digital bank for small and medium-sized companies (SMEs) that offers business and property loans, has confirmed that OIMIO, a commercial real estate SME-focused lender, has established operations in the Netherlands. The lending firm will be launching a supplier’s credit analysis and monitoring… Read More

January 8, 2020 @ 9:25 am By Omar Faridi  |  

UK-based OakNorth Bank, an institution managed by OakNorth, has reportedly finalized a debt financing deal valued at £20 million (appr. $26.25 million) with LV Care Group, one of the leading care home providers in Jersey. Established in 2011 by Nick Bettany and Chris Shelton, the… Read More

December 6, 2019 @ 8:45 am By Omar Faridi  |  

UK’s OakNorth Bank, which is run by OakNorth, has finalized a deal worth £8 million (appr. $10.5 million) to finance a share repurchase for shareholders of Security Plus, Europe’s leading independent volume cash carrier. Established in 1977, Security Plus currently manages around 3,500 live contracts…. Read More

January 7, 2016 @ 8:57 am By Samantha Hurst  |  

On Wednesday, serviced apartments provider, thesqua.re, announced it has closed an investment round of $2 million from Crowd2Fund and OakNorth Bank. thesqua.re, which was previously known as House of Modern Living or MoLi, was founded in 2009 and has grown profitably at 80% CAGR to cross $10… Read More