FUNDING
The engine room

Fluidly supercharges its mission for accountants and businesses with OakNorth Bank

At the end of 2021, Fluidly was very excited to announce our acquisition by leading UK fintech OakNorth Bank (subject to regulatory approval). 

OakNorth helps businesses to grow through a suite of tools including bespoke lending solutions and award-winning business savings accounts. 

With our shared vision around empowering businesses, it means we’ll be able to go even further to help you improve the way your clients plan and manage their finances. 

A bit more about OakNorth

OakNorth was founded in 2015 by entrepreneurs Rishi Khosla OBE and Joel Perlman and, like Fluidly, the business was built out of personal frustrations. Despite running a highly successful and profitable data analytics company, when Rishi and Joel tried to secure capital, they were repeatedly rejected.

Believing the industry was too focused on financials from the past, rather than potential in the future, they set up OakNorth as a bank founded by entrepreneurs, for entrepreneurs.

As just the third new bank in 100 years to get a banking licence, they’ve since gone on to lend £7bn in funding to fast growth businesses, through direct relationships with business owners and via key advisor partners.

What does this mean for our customers?

With both Fluidly and now OakNorth at your fingertips, you can provide an even better service to your clients.

Offer best-in-class cashflow support with an all-encompassing funding solution. Deals below £500,000 will continue to be serviced by the existing Fluidly marketplace funding specialists and larger loan amounts (up to £75m) will be facilitated through OakNorth’s fast, flexible and bespoke loans. 

Find out more

At the end of January we ran our first joint ‘Ask us anything’ webinar where we covered:

  • OakNorth’s background, mission and plans for the future
  • Why Fluidly + OakNorth are natural partners
  • How you can use the extended Fluidly service to further support your clients

You can watch the recording here, or book a meeting with your account manager now to find out more about how we can additionally support your clients.  

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