Daniel Austin, CEO and Co-founder, commented:

“We are delighted that ASK has formalised its already very close working relationship with OakNorth Bank, through the sale of a stake in the company. Through our dealings with OakNorth over the last five years, we have got to know their business and team extremely well and consider this a natural, evolutionary step. We share very similar values and aspirations, and both companies are excited about the future and how we can assist one another to achieve each other’s goals, against a challenging economic backdrop. We strongly believe that the backing of a regulated bank will help ASK fulfil its long-term potential and create a greater range of finance options and investment opportunities for our clients.”