On 28th October Rishi Khosla CEO and founder of OakNorth was declared as the UK’s fourth technology start-up billionaire and first British Asian to be ranked in The Telegraph’s Tech Hot 100 ranking.
OakNorth provides loans of between £500,000 and £45m for medium size businesses. The five-year old start-up, is valued at around £2.2bn, and provides an AI system that helps other lenders decide if they should extend credit to a given SME.
Starling Bank was also featured in the list after accruing more than 1.4 million users across business and current accounts. Headed up by ex-Allied Irish Bank's chief operating officer Anne Boden, the company has played a crucial role in the battle for digital banking customers. The Tech Hot 100 ranking revealed that the total wealth of Britain's most successful start-up chiefs rose from £4.5bn last year to £8.5bn. Half of the 10 richest start-up founders in the UK were born abroad.
