Fintech

OakNorth’s Rishi Khosla: ‘Our track record isn’t sustainable forever’

Profit and investing for growth ‘don’t have to be mutually exclusive’

Rishi Khosla, chief executive of OakNorth
Rishi Khosla, chief executive of OakNorth Photo: Alex Rumford

Despite the pandemic taking a significant toll on some of its peers, fintech firm OakNorth managed to continue growing its profit margin in 2020. 

Earnings at the bank rose 18% last year to £77.6m, while customer deposits jumped to £2.3bn. The unicorn facilitated £1.1bn in loans to small and medium-sized businesses during the period, some of which were supported by the government’s coronavirus business lending schemes.

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