OakNorth, Europe’s most highly-valued fintech, and ClearBank®, the first new clearing bank in 250 years, announce strategic partnership

OakNorth, which has lent over £2.7bn to businesses across the UK, has today announced a strategic partnership with ClearBank®. The business will leverage ClearBank®’s platform to provide highly scalable real-time payments and agency banking services. OakNorth will start off by using ClearBank®’s real-time Faster Payments infrastructure, allowing for instant payments.

Amir Nooriala, COO of OakNorth, said: “We were looking for a partner to provide us with real-time payment capabilities, and after speaking to a number of providers, we felt ClearBank® was the best fit for our needs. Their API and virtual account support capabilities are best-in-class and in them, we’ve found a long-term, strategic partner who will enable us to provide an even faster and more seamless experience for our clients.”

Charles McManus, CEO of ClearBank®, continued: “We are delighted to announce our partnership with OakNorth. Since its launch just a few years ago, it has established itself as one of the fastest-growing and most successful fintechs in Europe and as a key enabler and supporter of businesses. We look forward to working with OakNorth as it continues to build its offering and customer base across the UK.”

You may also be interested in

OakNorth Bank completes £40M loan to Certified B-Corporation, Newcore Capital Management, to support the growth of its social infrastructure fund

Read more

OakNorth Bank provides £35.6M loan to Bruntwood SciTech to acquire and redevelop Glasgow’s Met Tower, the city’s new tech and digital hub

Read more

OakNorth Bank, Hilltop Credit Partners, and MCAP Global Finance provide £33M loan to develop 213 new affordable homes in Worcester city centre

Read more

Subscribe to OakNorth news

Keep up to date with OakNorth's business loan products and other news via email by filling out the below.