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OakNorth's co-founder and CEO, Rishi Khosla, was on Bloomberg TV's The Pulse with Francine Lacqua this morning, discussing entrepreneurship, policy, OakNorth's US expansion, and future plans.
We’re taking a major step forward in supporting US lower mid-market businesses with the acquisition of Michigan-based Community Unity Bank (CUB), subject to regulatory approval. Since launching in the US in July 2023, we’ve provided over $700m in lending to businesses, building significant momentum and expanding our footprint in the market. As our CEO and Co-founder, Rishi Khosla, put it: “Demand from US borrowers continues to be exceptionally strong and our differentiated offering and unique approach to lending has enabled us to rapidly establish a strong presence in the US market, resulting in us lending c.3x our initial expectations. As a founder-led business built by entrepreneurs, CUB appealed to us as it shares a lot of our same values with regards to customer experience. These values are reflected in its customer feedback, as well as its strong company culture.” With a shared commitment to businesses and entrepreneurs, CUB is the perfect partner for our next phase of US expansion.
OakNorth wishes everyone a vibrant and joyous Holi! May this festival of colors bring you moments of laughter, happiness, and togetherness with your loved ones. #happyholi #holi2025 #festivalofcolors #holifestival #holicelebration
Our 2024 Annual Report has landed – marking another year of strong business growth and social impact. In 2024, we provided £2.1bn in gross new lending, bringing our total facilities to date to £12.5bn. Since mid-2023, we've lent $700m to entrepreneurial businesses in the US while continuing to support businesses across the UK. Beyond financing, our support is driving real impact – helping create 56,000 jobs and delivering 34,000 new homes, the majority of which are affordable housing. As we continue to invest in our business banking proposition and expand in the US, we remain committed to empowering ambitious businesses. Whether you're looking for a lending partner to fuel your next phase of growth or a business bank that truly understands your needs, we're here to help.
Earlier this year, Ashish Nayyar, Co-head OakNorth India, was delighted to join an illustrious group of peers and share his views at the latest Everest Group roundtable, focused on discussing how GCCs are strengthening their value proposition by fostering an innovation-driven mindset to drive impact and growth for enterprises. A thoroughly enjoyable event and we look forward to participating in many more roundtables next year!
In our next hashtag#MyOakNorthJourney story, Nikita Chawla Gursahani opens up about her rewarding and fulfilling journey at OakNorth. Since joining OakNorth, Nikita has has the opportunity to dive into various aspects of people operations, from onboarding, inductions, drafting policies, to leading process improvements projects. She tells us that OakNorth's unwavering commitment to delighting customers has been a constant source of inspiration, and she's looking forward to growing and contributing further to the company's shared success in the future. Be part of Nikita's remarkable OakNorth journey today and stay tuned for more hashtag#MyOakNorthJourney stories.
"The perception of India has massively evolved and the country is right up there in terms of the technology world which is very exciting..." Our CEO & Co-founder, Rishi Khosla, chats to Ritu Marya, Editor in Chief of Entrepreneur India to discuss the amazing tech talent that India has to offer and the vital role that our India teams continue to play for OakNorth’s global operation. In addition, they also discuss our recent expansion into the US and how cloud banking is helping to reshape the financial services landscape. Catch the full interview today 👇
"The perception of India has massively evolved and the country is right up there in terms of the technology world which is very exciting..." Our CEO & Co-founder, Rishi Khosla, chats to Ritu Marya, Editor in Chief of Entrepreneur India to discuss the amazing tech talent that India has to offer and the vital role that our India teams continue to play for OakNorth’s global operation. In addition, they also discuss our recent expansion into the US and how cloud banking is helping to reshape the financial services landscape. Catch the full interview today 👇
