FinTech North, the regional UK fintech hub focused on the North of England, is teaming up with OakNorth, the digital bank servicing small business owners, to deliver enhanced support for local fintech firms.
By forging a partnership with OakNorth, FinTech North aims to ensure that fintech firms get the support they need to ensure future growth and enable them to scale efficiently.
Joe Roche, general manager at FinTech North, explained: “OakNorth’s entrepreneurial spirit, savings that support local businesses, and tech-enabled-people-driven approach are what make it stand out. Supporting entrepreneurs and businesses nationally is something FinTech North is incredibly passionate about, and where there is clear alignment with OakNorth.”
Founded in 2015, OakNorth has lent over £12billion to lower mid-market businesses, directly supporting the creation of 56,000 new jobs and 34,000 new homes in the UK. OakNorth also offers business banking with dedicated support to help ambitious businesses simplify operations and scale at speed.
Since its launch, OakNorth has had a dedicated operations and customer services team in Manchester, and over the years, has continued expanding its team and capabilities in the city, including with several debt finance directors and associates. It also has regional hubs in Leeds and Newcastle, supporting businesses across Yorkshire and the North East, as well as several regional hubs and offices in other parts of the UK.
“The Northern fintech ecosystem is thriving, and we’re privileged to have deep-rooted connections to cities across the north, including Manchester, Leeds and Newcastle,” explained Stewart Haworth, director of debt finance at OakNorth. “The north is an integral part of OakNorth’s growth strategy, having lent around £1billion to date to growing business across the region. By partnering with FinTech North, we hope to drive the meaningful expansion of this vibrant community, and continue flying the flag for British fintech across the UK and internationally.”
