OakNorth: Shareholders to be handed £40m as US expansion boosts profit March 6, 2025 Profit at challenger bank OakNorth has surged thanks to its expansion into the USA, it has been revealed. The London-headquartered digital bank has reported a pre-tax profit of £214.8m for 2024, up from the £187.3m it posted for the previous 12 months. Over the year, OakNorth provided more than £2.1bn in gross new lending to [...]
OakNorth boss says ‘wealth creators’ leaving UK over tax hikes December 9, 2024 The co-founder and chief executive of challenger bank OakNorth has warned that “wealth creators” are fleeing the UK over tax hikes as he accused the new government of falling short on entrepreneurship. Rishi Khosla, whose start-up bank has lent more than £10bn to businesses since launching in 2015, told City AM that “even when you [...]
Zopa and Oaknorth founders warn against hiking capital gains tax October 14, 2024 Raising capital gains tax to between 33 and 39 per cent in an attempt to shore up the government finances “should be resisted” and may “end up lowering the tax take”, a group of 500 British entrepreneurs has warned. In an open letter to the Chancellor, which is signed by the founders of Signal AI, [...]