Articles with tag: oaknorth

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OakNorth Bank approves GBP 1.1 bln in new loans

News | Payments General | 13 Oct 2020

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

OakNorth Bank partners with AML provider ComplyAdvantage

News | Online & Mobile Banking | 06 Oct 2020

OakNorth Bank, the UK bank that provides debt financing to growth businesses, has announced its partnership with ComplyAdvantage, the global technology company transforming financial crime detection.

OakNorth Bank, ComplyAdvantage, financial crime, onboarding, machine learning,

OakNorth Bank completes its subscription facility to Bluegem Capital Partners

News | Online & Mobile Banking | 21 Aug 2020

UK-based OakNorth has completed a subscription facility to Bluegem Capital Partners

OakNorth Bank, banks, Bluegem Capital Partners, Europe, UK, Glendower Capital, Strategic Partners (Blackstone’s Secondaries Division), BMO Global Asset Management (BMO), Bluegem GP, Liberty London, Mamas&Papas, Iconic London, Medavita

OakNorth Bank lends GBP 220 mln through CBILS and CLBILS

News | Payments General | 13 Aug 2020

OakNorth Bank has lent over GBP 220 million through the UK Government’s CBILS and CLBILS business stimulus package, according to AltFi.

OakNorth Bank, CBILS, CLBILS, UK, United Kingdom, business stimulus package, loans, allocation, British Business Bank, pandemic, lockdown, bank, lending

Greensill, Metro Bank, OakNorth, and Secure Trust Bank join CLBILS

News | Payments General | 11 Jun 2020

The British Business Bank has announced new lenders added to its coronavirus lending schemes.

Greensill, Metro Bank, OakNorth, Secure Trust Bank, CLBILS, lenders, British Business Bank, UK, coronavirus, lending scheme, government-backed loans, Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point, Paragon Bank, CBILS, Bounce Back Loans

OakNorth receives GBP 160 mln in government-backed loans

News | Payments General | 22 May 2020

OakNorth has received a new tranche of cash from the government to lend to companies hit by the coronavirus pandemic.

OakNorth, loans, coronavirus, British Business Bank, economic stimulus package, CBILS, CLBILS, BBL, lenders

MarketFinance, Capital on Tap secure CBILS and Bounce Back Loan approvals

News | Payments General | 13 May 2020

The British Business Bank has approved MarketFinance and Capital on Tap, among other lenders, for accreditation under both the CBILS and BBL schemes.

MarketFinance, Capital on Tap, British Business Bank, CBILS, BBL, Bounce Back Loan, Bank Leumi, Shawbrook Bank, Bank of Ireland UK, Skipton Business Finance, SME, government-backed guarantee, loans, Starling Bank, OakNorth, Funding Circle

OakNorth Bank approves over GDP 86 mln in loans amid lockdown

News | Payments General | 13 May 2020

UK-based OakNorth Bank has approved over GDP 50 million in loans, as well as a GDP 36 million allocation through the Coronavirus Business Interruption Loan Scheme (CBILS). 

OakNorth Bank, lockdown, loans, UK, United Kingdom, CBILS, coronavirus business interruption, loan scheme, traditional lender, SME lending market, pandemic, business support

OakNorth Bank completes first fund buy-out deal to FORE Partnership

News | E-invoicing, SCF & E-procurement | 04 May 2020

UK-based bank, OakNorth has completed its first fund buy-out deal, providing financing to FORE Partnership, a real estate investment company.

OakNorth Bank, FORE Partnership, buy-out deal, investment, Edmond de Rothschild Real Estate Investment Management, UK, CBILS, coronavirus, COVID-19

Modern Bank partners with OakNorth to support US businesses through the Covid-19 crisis

News | E-invoicing, SCF & E-procurement | 16 Apr 2020

OakNorth, the credit analysis and monitoring platform, and Modern Bank have announced a strategic partnership to support US businesses through the COVID-19 pandemic. 

Modern Bank, OakNorth, US, Covid-19, loans, businesses

The British Business Bank approves new lenders for accreditation under CBILS

News | E-invoicing, SCF & E-procurement | 13 Apr 2020

The British Business Bank has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) - The Co-operative Bank, Cynergy Bank, OakNorth Bank, and Starling Bank.

British Business Bank, lending, finance, Coronavirus Business Interruption Loan Scheme, CBILS, The Co-operative Bank, Cynergy Bank, OakNorth Bank, Starling Bank, SMEs, loans, deferred revenues, cashflow, overdrafts, invoice finance, asset finance, coronavirus, Covid-19

OakNorth helps Customers Bank increase its PPP commitment to support US SMEs

News | Payments General | 13 Apr 2020

Customers Bank has processed loan applications totalling more than USD 200 million to help save American businesses.

Customers Bank, loans, SMEs, financing, US, COVID-19, OakNorth, US

OakNorth to provide a credit platform for Customer Bank

News | E-invoicing, SCF & E-procurement | 09 Apr 2020

UK-based credit and monitoring platform OakNorth has signed a commercial agreement with Customers Bank in its US bank partnership.

OakNorth, US, Customers Bank, credit, partnership, loan, COVID-19, big data, AI, NIBC, OIMIO, Netherlands, SMEs

OakNorth Bank and secure payments solution Shieldpay announce partnership

News | Payments General | 23 Sep 2019

UK-based OakNorth Bank has announced a strategic partnership with payments solution, Shieldpay, to launch escrow accounts for borrowers.

OakNorth Bank, Shieldpay, partnership, payments solution, bank, UK, escrow accounts, borrowers, ClearBank, pending payments process, Europe

NIBC Bank and OakNorth sign five-year agreement

News | Payments General | 03 Jul 2019

Netherlands-based NIBC Bank has strengthened its existing partnership with OakNorth, by entering into a five-year contract with the credit platform.

NIBC Bank, OakNorth, partnership, Netherlands, credit platform, fintech, financial technology, Europe, commercial bank, financing, debt, equity

SoftBank leads USD 440 mln funding round in UK challenger bank OakNorth

News | Payments General | 08 Feb 2019

UK challenger bank OakNorth has closed a USD 440 million funding round with the SoftBank Vision Fund and the Clermont Group.

SoftBank, OakNorth, funding, lending

OakNorth completes GBP 1 mln loan to NetPay

News | Payments General | 19 Jan 2018

OakNorth has provided GBP 1 mln of working capital to NetPay, a UK-based provider of payment processing services.

OakNorth, NetPay, payments, merchant, UK

OakNorth Bank selects Illusive cybersecurity solutions for cyber defence

News | Digital Identity, Security & Online Fraud | 28 Nov 2017

OakNorth has selected Illusive’s Deceptions Everywhere cybersecurity technology to defend its network from targeted attacks and Advanced Persistent Threats (APTs) that could occur in the future.

OakNorth, Illusive, partnership, cybersecurity, cyber defence, APT, AI

Challenger bank OakNorth reaches unicorn status

News | Online & Mobile Banking | 16 Oct 2017

OakNorth, a UK-based neobank, has reached unicorn status after a GBP 154 million investment from The Clermont Group, Toscafund and Coltrane.

OakNorth, unicorn, fintech, challenger bank, neobank, mobile banking, investment