Rishi Khosla

Rishi Khosla, CEO and co-founder of ACORN OakNorth

Rishi Khosla is a British-Indian serial entrepreneur and the co-founder of ACORN OakNorth, a fintech firm founded in the UK in 2015.[1][2][3]

Education

Khosla holds a bachelor's degree in Economics from University College London, and a Masters in Accounting & Finance from the London School of Economics,[4][5][6] where he was awarded a scholarship by the Economic and Social Research Council.[7]

Career

After leaving the LSE, he started his career in banking at ABN Amro,[8][9] before joining GE Capital’s London-based business development group in 1999. Here he focused on mergers and acquisitions.[10][11] During his tenure, he established an early stage tech venture fund for GE Capital, which he co-managed.[12][13] He subsequently joined the family office of steel baron Lakshmi Mittal, the current president and CEO of ArcelorMittal, to manage their venture capital and private equity investments.[14][15][16]

Khosla was one of the co-founders of Copal Amba along with his LSE class mate Joel Perlman. Copal Amba was an outsourced research company for investment banks, which was acquired by Moody's Corporation in 2014.[17][18] In mid-2008, Copal Amba was ranked the Number One Investment Research and Analytics KPO in Brown and Wilson Group's annual 'Black Book of Outsourcing 2008'.[19][20] Khosla was also one of the recipients of the Ernst & Young Entrepreneur of the Year Award in 2011.[21]

Khosla and Perlman have since founded ACORN OakNorth, a fintech firm focused on unlocking the potential in bespoke SME lending globally using its data and technology platform, ACORN machine[22][23][24].

In the UK, the firm operates as OakNorth, a challenger bank,[25][26][27] focused on lending between £500,000 to £30m to businesses and property developers. Since its launch in September 2015, it has grown its loan book to over £1bn, and the ACORN OakNorth group has attracted £364m of investment from several investors (including: GIC, Toscafund, Coltrane, The Clermont Group and Indiabulls), valuing the company in excess of $1bn.[28][29][30][31]

Philanthropy

Khosla was a Trustee of New Philanthropy Capital (NPC),[32][33] an organization providing research and advice for charities,[34][35] for eight years.

References

  1. ↑ "Subscribe to read". Financial Times. Retrieved 2017-11-20.
  2. ↑ "OakNorth Bank CEO: Hoping to overhaul the "peculiarly British disease" of small firms being overlooked by larger lenders | Business Advice". Business Advice. 2015-10-02. Retrieved 2017-11-20.
  3. ↑ "Newcomer OakNorth Bank takes on business pain points". Growth Business. 2016-08-24. Retrieved 2017-11-20.
  4. ↑ London School of Economics Newsletter for the Supporters of LSE
  5. ↑ "Rishi Khosla: Executive Profile & Biography - Businessweek". www.bloomberg.com. Retrieved 2016-06-01.
  6. ↑ Ramesh, Randeep (2006-11-06). "Analyse this: Wall Street looks to India". the Guardian. Retrieved 2016-06-01.
  7. ↑ "Epiphany Ventures — Team". epiphanyventures.in. Retrieved 2016-01-19.
  8. ↑ "Rishi Khosla, CEO of Copal Partners, an outsourced research company for the financial services sector, and won Ernst & Young's Entrepreneur of the Year Award for London and The South". www.copalamba.com. Retrieved 2016-01-19.
  9. ↑ "Interview - Rishi Khosla - Alliance magazine". Alliance magazine. Retrieved 2016-06-01.
  10. ↑ Dunkley, Emma (2015-05-26). "Rishi Khosla: pioneer of challenger banking". Financial Times. ISSN 0307-1766. Retrieved 2016-01-19.
  11. ↑ Dunkley, Emma (2015-05-13). "Entrepreneurs ride second wave of bank start-ups". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
  12. ↑ World Investment Conferences Europe 2011
  13. ↑ Economics Times Learning on the job with LN Mittal
  14. ↑ "Learning on the job with LN Mittal". timesofindia-economictimes. Retrieved 2016-01-19.
  15. ↑ "The Rs 29,000-crore surprise- Business News". www.businesstoday.in. Retrieved 2016-06-01.
  16. ↑ "Indiabulls Housing to buy 39.8% in UK's OakNorth Bank for $100M | VCCircle". www.vccircle.com. Retrieved 2016-06-01.
  17. ↑ "Indian lender buys $100m OakNorth stake". Insider Media Ltd. Retrieved 2016-01-19.
  18. ↑ ibrahimgarzon (2008-08-14), Rishi Khosla CEO of Copal Partners on CNBC, retrieved 2016-06-01
  19. ↑ "Copal Partners Named #1 Global Investment Research and Analytics KPO by the Black..." Reuters. 2008-07-01.
  20. ↑ "Copal Partners has been named the number one Knowledge Process Outsourcing (KPO) company globally for Investment Research and Analytics | Copal Amba". www.copalamba.com. Retrieved 2016-06-01.
  21. ↑ Ernst & Young Entrepreneur of the Year 2011 Award Recipients
  22. ↑ "OakNorth posts £10.6m pre-tax profit". Specialist Banking. 2018-03-23. Retrieved 2018-04-06.
  23. ↑ "A new CFO's account of closing a £154m institutional funding round - Real Business". Real Business. 2017-10-31. Retrieved 2018-04-06.
  24. ↑ Denham, Annabel (2018-02-14). "Oaknorth's founder is banking on challenging incumbent lenders". Retrieved 2018-04-06.
  25. ↑ "How to maximise your chances of securing a small business loan | ByteStart". www.bytestart.co.uk. Retrieved 2016-06-01.
  26. ↑ "Mambu to Provide Cutting-Edge Banking Technology for OakNorth Bank". Bobsguide. Retrieved 2016-06-01.
  27. ↑ "New challenger bank OakNorth set to launch with marketing base in Manchester". Prolific North. Retrieved 2016-06-01.
  28. ↑ Editorial, Reuters. "Singapore's GIC takes $120 million stake in Britain's OakNorth bank". U.S. Retrieved 2018-04-06.
  29. ↑ "UK's newest unicorn notches £10.6m profit for 2017 - AltFi News". AltFi. Retrieved 2018-04-06.
  30. ↑ "The Rise Of The Unicorn Challenger Bank You've Never Heard Of - OakNorth". www.forbes.com. Retrieved 2018-04-06.
  31. ↑ Browne, Ryan (2018-03-26). "UK digital bank that beat peers to an annual profit 'will go into' China — eventually". CNBC. Retrieved 2018-04-06.
  32. ↑ "Giving Insights: Making an impact in India". New Philanthropy Capital.
  33. ↑ Third Sector Home " News " Movers: Baroness Neuberger, board member, New Philanthropy Capital Movers: Baroness Neuberger, board member, New Philanthropy Capital
  34. ↑ New Philanthropy Capital NPC's trustees
  35. ↑ "NPC" (PDF). Charity Commission UK.
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