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OakNorth Bank valuation, funding and investors

oaknorth.co.uk ↗LinkedIn ↗

OakNorth Bank works in digital banking solutions, based in London, United Kingdom. Founded in 2015, it has about 684 employees.

Banks & ATMs London Debt
VALUATION · TODAY
$1.02B −1% after Growth
Range $103M – $1.41B · Grade D
TODAY
+12 MO
$500M
$1.00B
$1.50B
$2.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Growth $202M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY683 employees
+11%6m growth
+23%1y growth
+34%2y growth
200
400
600
800
Data from Jan 2021
TODAY
Predicted in 1 yr $1.01B −1% vs today
Predicted next raise $132M if a round comes
Winding-down probability 0%
Last round
Growth · $202M · Oct 2017
Valuation at last round
$1.22B
Headcount
683 · up
Grade
D
Founded
2015
How VCMC values companies →

OakNorth Bank valuation today

VCMC values OakNorth Bank at $1.0B today, with a range of $103M to $1.4B and a grade of D. The valuation starts from its last funding round, a growth round in Oct 2017.

Valuation by date (144 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

OakNorth Bank: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$4.17M$1.52M – $11.5M$4.37M (+5%)before first round–unknownD0%
1 Feb 2015$4.19M$1.52M – $11.5M$4.39M (+5%)before first round–unknownD0%
1 Mar 2015$4.20M$1.53M – $11.5M$4.40M (+5%)before first round–unknownD0%
1 Apr 2015$4.22M$1.54M – $11.6M$4.42M (+5%)before first round–unknownD0%
1 May 2015$4.24M$1.54M – $11.6M$4.44M (+5%)before first round–unknownD0%
1 Jun 2015$4.25M$1.55M – $11.7M$4.46M (+5%)before first round–unknownD0%
1 Jul 2015$4.27M$1.55M – $11.7M$4.47M (+5%)before first round–unknownD0%
1 Aug 2015$4.29M$1.56M – $11.8M$4.59M (+7%)before first round–unknownD0%
1 Sep 2015$4.30M$1.57M – $11.8M$4.71M (+10%)before first round–unknownD0%
1 Oct 2015$4.32M$1.57M – $11.9M$4.84M (+12%)before first round–unknownD0%
1 Nov 2015$4.34M$1.58M – $11.9M$4.97M (+15%)before first round–unknownD0%
1 Dec 2015$4.35M$1.59M – $12.0M$5.10M (+17%)before first round–unknownD0%
1 Jan 2016$4.37M$1.59M – $12.0M$5.24M (+20%)before first round–unknownD0%
1 Feb 2016$4.39M$1.60M – $12.1M$5.38M (+23%)before first round–unknownD0%
1 Mar 2016$4.41M$1.60M – $12.1M$5.52M (+25%)before first round–unknownD0%
1 Apr 2016$4.42M$1.61M – $12.1M$5.67M (+28%)before first round–unknownD0%
1 May 2016$4.44M$1.62M – $12.2M$5.82M (+31%)before first round–unknownD0%
1 Jun 2016$4.46M$1.62M – $12.2M$5.97M (+34%)before first round–unknownD0%
1 Jul 2016$4.47M$1.63M – $12.3M$6.13M (+37%)before first round–unknownD0%
1 Aug 2016$4.59M$1.67M – $12.6M$6.30M (+37%)before first round–unknownD0%
1 Sep 2016$4.72M$1.72M – $13.0M$6.47M (+37%)before first round–unknownD0%
1 Oct 2016$4.84M$1.76M – $13.3M$6.64M (+37%)before first round–unknownD0%
1 Nov 2016$4.97M$1.81M – $13.7M$6.82M (+37%)before first round–unknownD0%
1 Dec 2016$5.10M$1.86M – $14.0M$7.00M (+37%)before first round–unknownD0%
1 Jan 2017$5.24M$1.91M – $14.4M$7.18M (+37%)before first round–unknownD0%
1 Feb 2017$5.38M$1.96M – $14.8M$7.38M (+37%)before first round–unknownD0%
1 Mar 2017$5.51M$2.01M – $15.1M$7.56M (+37%)before first round–unknownD0%
1 Apr 2017$5.66M$2.06M – $15.6M$7.76M (+37%)before first round–unknownD0%
1 May 2017$5.81M$2.12M – $16.0M$7.97M (+37%)before first round–unknownD0%
1 Jun 2017$5.97M$2.17M – $16.4M$8.18M (+37%)before first round–unknownD0%
1 Jul 2017$6.13M$2.23M – $16.8M$8.40M (+37%)before first round–unknownD0%
1 Aug 2017$6.29M$2.29M – $17.3M$8.63M (+37%)before first round–unknownD0%
1 Sep 2017$6.46M$2.35M – $17.8M$8.86M (+37%)before first round–unknownD0%
1 Oct 2017$6.63M$2.41M – $18.2M$9.09M (+37%)before first round–unknownD0%
9 Oct 2017$1.2B$1.1B – $1.5B$1.3B (+10%)after a round–unknownA0%
1 Nov 2017$1.2B$1.1B – $1.5B$1.3B (+9%)after a round–unknownA0%
1 Dec 2017$1.2B$1.1B – $1.5B$1.3B (+8%)after a round–unknownA0%
1 Jan 2018$1.2B$1.1B – $1.5B$1.3B (+8%)after a round–unknownA0%
1 Feb 2018$1.3B$1.1B – $1.5B$1.3B (+7%)after a round–unknownA0%
1 Mar 2018$1.3B$1.1B – $1.5B$1.3B (+6%)after a round–unknownA0%
1 Apr 2018$1.3B$1.1B – $1.5B$1.3B (+5%)after a round–unknownA0%
1 May 2018$1.3B$1.1B – $1.5B$1.3B (+4%)after a round–unknownA0%
1 Jun 2018$1.3B$1.1B – $1.5B$1.3B (+3%)after a round–unknownA0%
1 Jul 2018$1.3B$1.1B – $1.5B$1.3B (+3%)after a round–unknownA0%
1 Aug 2018$1.3B$1.1B – $1.5B$1.3B (+2%)after a round–unknownA0%
1 Sep 2018$1.3B$1.1B – $1.5B$1.3B (+1%)after a round–unknownA0%
1 Oct 2018$1.3B$1.1B – $1.5B$1.3B (0%)after a round–unknownA0%
1 Nov 2018$1.3B$1.0B – $1.5B$1.3B (0%)after a round–unknownA0%
1 Dec 2018$1.3B$971M – $1.5B$1.3B (0%)after a round–unknownA0%
1 Jan 2019$1.3B$923M – $1.5B$1.3B (0%)after a round–unknownA0%
1 Feb 2019$1.3B$877M – $1.5B$1.3B (0%)after a round–unknownA0%
1 Mar 2019$1.3B$838M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Apr 2019$1.3B$796M – $1.5B$1.3B (0%)after a round–unknownB0%
1 May 2019$1.3B$758M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Jun 2019$1.3B$720M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Jul 2019$1.3B$685M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Aug 2019$1.3B$651M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Sep 2019$1.3B$619M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Oct 2019$1.3B$589M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Nov 2019$1.3B$560M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Dec 2019$1.3B$533M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Jan 2020$1.3B$507M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Feb 2020$1.3B$481M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Mar 2020$1.3B$459M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Apr 2020$1.3B$436M – $1.5B$1.3B (0%)after a round–unknownC0%
1 May 2020$1.3B$415M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Jun 2020$1.3B$395M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Jul 2020$1.3B$376M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Aug 2020$1.3B$357M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Sep 2020$1.3B$339M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Oct 2020$1.3B$323M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Nov 2020$1.3B$307M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Dec 2020$1.3B$292M – $1.5B$1.3B (0%)after a round–unknownC0%
1 Jan 2021$1.3B$278M – $1.5B$1.3B (0%)after a round10unknownC0%
1 Feb 2021$1.3B$264M – $1.5B$1.3B (0%)after a round10unknownC0%
1 Mar 2021$1.3B$252M – $1.5B$1.3B (0%)after a round10unknownC0%
1 Apr 2021$1.3B$240M – $1.5B$1.2B (-5%)after a round10flatC0%
1 May 2021$1.3B$228M – $1.5B$1.2B (-4%)after a round10flatC0%
1 Jun 2021$1.3B$217M – $1.4B$1.2B (-3%)after a round10flatC0%
1 Jul 2021$1.2B$206M – $1.4B$1.2B (-2%)after a round10flatC0%
1 Aug 2021$1.2B$196M – $1.4B$1.2B (-1%)after a round10flatC0%
1 Sep 2021$1.2B$186M – $1.4B$1.2B (-1%)after a round10flatD0%
1 Oct 2021$1.2B$177M – $1.4B$1.2B (0%)after a round10flatD0%
1 Nov 2021$1.2B$169M – $1.4B$1.2B (0%)after a round10flatD0%
1 Dec 2021$1.2B$160M – $1.4B$1.2B (0%)after a round10flatD0%
1 Jan 2022$1.2B$152M – $1.4B$1.2B (0%)after a round10flatD0%
1 Feb 2022$1.2B$145M – $1.4B$1.2B (0%)after a round10flatD0%
1 Mar 2022$1.3B$571M – $1.5B$1.3B (0%)after a round240growingB0%
1 Apr 2022$1.3B$561M – $1.5B$1.3B (0%)after a round240growingB0%
1 May 2022$1.3B$552M – $1.5B$1.3B (0%)after a round240growingB0%
1 Jun 2022$1.3B$543M – $1.5B$1.3B (0%)after a round240growingB0%
1 Jul 2022$1.3B$534M – $1.5B$1.3B (0%)after a round240growingB0%
1 Aug 2022$1.3B$525M – $1.5B$1.3B (0%)after a round240growingB0%
1 Sep 2022$1.3B$522M – $1.5B$1.3B (0%)after a round240growingB0%
1 Oct 2022$1.3B$522M – $1.5B$1.3B (0%)after a round240growingB0%
1 Nov 2022$1.3B$106M – $1.5B$1.3B (0%)after a round240unknownD0%
1 Dec 2022$1.3B$106M – $1.5B$1.3B (0%)after a round240unknownD0%
1 Jan 2023$1.3B$106M – $1.5B$1.3B (0%)after a round240unknownD0%
1 Feb 2023$1.3B$106M – $1.5B$1.3B (0%)after a round240unknownD0%
1 Mar 2023$1.3B$106M – $1.5B$1.3B (0%)after a round240unknownD0%
1 Apr 2023$1.3B$522M – $1.5B$1.3B (0%)after a round330growingB0%
1 May 2023$1.3B$522M – $1.5B$1.3B (0%)after a round330growingB0%
1 Jun 2023$1.3B$522M – $1.5B$1.3B (0%)after a round330growingB0%
1 Jul 2023$1.3B$522M – $1.5B$1.3B (0%)after a round330growingB0%
1 Aug 2023$1.3B$522M – $1.5B$1.3B (0%)after a round330growingB0%
1 Sep 2023$1.3B$522M – $1.5B$1.3B (0%)after a round330growingB0%
1 Oct 2023$1.2B$180M – $1.4B$1.2B (-1%)after a round410upD0%
1 Nov 2023$1.2B$125M – $1.4B$1.2B (-1%)after a round410upD0%
1 Dec 2023$1.2B$125M – $1.4B$1.2B (-1%)after a round410upD0%
1 Jan 2024$1.2B$125M – $1.4B$1.2B (-1%)after a round410upD0%
1 Feb 2024$1.3B$409M – $1.5B$1.3B (0%)after a round470growingC0%
1 Mar 2024$1.3B$409M – $1.5B$1.3B (0%)after a round470growingC0%
1 Apr 2024$1.3B$409M – $1.5B$1.3B (0%)after a round470growingC0%
1 May 2024$1.3B$409M – $1.5B$1.3B (0%)after a round470growingC0%
1 Jun 2024$1.3B$409M – $1.5B$1.3B (0%)after a round470growingC0%
1 Jul 2024$1.3B$409M – $1.5B$1.3B (0%)after a round510growingC0%
1 Aug 2024$1.3B$409M – $1.5B$1.3B (0%)after a round510growingC0%
1 Sep 2024$1.3B$409M – $1.5B$1.3B (0%)after a round510growingC0%
1 Oct 2024$1.3B$409M – $1.5B$1.3B (0%)after a round510growingC0%
1 Nov 2024$1.2B$125M – $1.4B$1.2B (0%)after a round510upD0%
1 Dec 2024$1.2B$125M – $1.4B$1.2B (0%)after a round510upD0%
1 Jan 2025$1.2B$125M – $1.4B$1.2B (0%)after a round510upD0%
1 Feb 2025$1.2B$125M – $1.4B$1.2B (0%)after a round510upD0%
1 Mar 2025$1.2B$125M – $1.4B$1.2B (0%)after a round510upD0%
1 Apr 2025$1.2B$125M – $1.4B$1.2B (0%)after a round510upD0%
1 May 2025$1.2B$106M – $1.4B$1.2B (0%)after a round510flatD0%
1 Jun 2025$1.2B$106M – $1.4B$1.2B (0%)after a round510flatD0%
1 Jul 2025$1.2B$106M – $1.4B$1.2B (0%)after a round510flatD0%
1 Aug 2025$1.2B$125M – $1.4B$1.2B (0%)after a round536upD0%
1 Sep 2025$1.2B$125M – $1.4B$1.2B (0%)after a round536upD0%
1 Oct 2025$1.2B$106M – $1.4B$1.2B (0%)after a round557flatD0%
1 Nov 2025$1.2B$125M – $1.4B$1.2B (0%)after a round573upD0%
1 Dec 2025$1.2B$125M – $1.4B$1.2B (0%)after a round573upD0%
1 Jan 2026$1.2B$125M – $1.4B$1.2B (0%)after a round573upD0%
1 Feb 2026$1.2B$125M – $1.4B$1.2B (0%)after a round573upD0%
1 Mar 2026$1.2B$125M – $1.4B$1.2B (0%)after a round614upD0%
1 Apr 2026$1.2B$125M – $1.4B$1.2B (0%)after a round614upD0%
1 May 2026$1.2B$125M – $1.4B$1.2B (0%)after a round614upD0%
1 Jun 2026$1.2B$125M – $1.4B$1.2B (0%)after a round667upD0%
1 Jul 2026$1.2B$125M – $1.4B$1.2B (0%)after a round667upD0%
1 Aug 2026$1.2B$125M – $1.4B$1.2B (0%)after a round667upD0%
1 Sep 2026$1.2B$125M – $1.4B$1.2B (0%)after a round667upD0%
1 Oct 2026$1.2B$125M – $1.4B$1.2B (-1%)after a round683upD0%
24 Oct 2026$1.0B$103M – $1.4B$1.0B (-1%)after a round683upD0%

Key facts about OakNorth Bank

Founded
2015
Headquarters
London, United Kingdom
Employees
about 684 +23% in a year
Total raised
$642M
Funding rounds
2
Last round
Debt Jun 2019

OakNorth Bank was founded in 2015 by Joel Perlman and Rishi Khosla.

OakNorth Bank funding history

OakNorth Bank has 2 funding rounds on record, from Oct 2017 to Jun 2019, $642M in total. The latest disclosed valuation is $1.22B post-money (Growth Equity, Oct 2017).

  1. Debt 30 Jun 2019no round page

    Led by SoftBank Vision Fund.

    Sources: banking-gateway.com, finextra.com

    $440M

  2. Growth Equity 8 Oct 2017

    With GIC, Indiabulls.

    Sources: fintechfutures.com, finance.yahoo.com

    $202M

    $1.22B post-money

OakNorth Bank investors

3 investors have backed OakNorth Bank; SoftBank Vision Fund led at least one round.

What OakNorth Bank does

OakNorth Bank works in banks & ATMs, with 14 recorded offerings and customers in childcare, education, healthcare and hospitality.

OakNorth Bank plc is a British public limited company operating as a digital bank. The company provides business and personal banking services, including business loans, savings accounts, and payment solutions, to individual and business clients. OakNorth Bank also offers multi-company accounts and payment processing for high-growth businesses, and serves clients in sectors such as childcare, education, healthcare, hospitality, real estate, and specialty finance. The company is authorized and regulated by the Prudential Regulation Authority and the Financial Conduct Authority, and operates in the United Kingdom and the United States.

Description from Veridion's company data.

Products and services

  • Digital Banking Solutions
  • Business Loan and Banking Services
  • Personal Savings Account Services
  • Business Current Account Services
  • Business Payment Solutions
  • Multi-Company Account Services
  • Debit Card Issuance Services
  • Data-Driven Credit Evaluation Services
  • International Banking Services
  • Sustainable Banking Solutions
  • Ethical Financing Services
  • High-Growth Business Financing Services
  • Entrepreneur Financing Services
  • Sector-Specific Business Financing Services

Markets

  • Childcare
  • Education
  • Healthcare
  • Hospitality
  • Real Estate
  • Specialty Finance

Business model

  • Business-to-Business
  • Business-to-Consumer

Industry codes (NAICS)

  • 522110 Commercial Banking 100% match

Questions about OakNorth Bank

What is OakNorth Bank worth?

Valuation $1.0B (range $103M to $1.4B), as of 24 Oct 2026. The last disclosed valuation was $1.22B (Growth Equity, Oct 2017).

Has OakNorth Bank raised money?

OakNorth Bank has 2 funding rounds on record, from Oct 2017 to Jun 2019, $642M in total. The latest disclosed valuation is $1.22B post-money (Growth Equity, Oct 2017).

Who has invested in OakNorth Bank?

SoftBank Vision Fund, GIC and Indiabulls. Lead investors include SoftBank Vision Fund.

How many people work at OakNorth Bank?

About 684, up 23% over the last year. Headcount grew from 10 in Jan 2021 to 683 in Sep 2026.

What does OakNorth Bank do?

OakNorth Bank works in banks & ATMs, with 14 recorded offerings and customers in childcare, education, healthcare and hospitality. Its main offerings are digital banking solutions, business loan and banking services and personal savings account services.

When was OakNorth Bank founded, and where is it based?

OakNorth Bank was founded in 2015 and is based in London, United Kingdom. It has about 684 employees, up 23% over the last year.

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