Rishi Khosla, chief executive of Oaknorth, which will benefit from a $390 million capital injection by Softbank BEN GURR FOR THE TIMESThe chief executive of Oaknorth believes that a record-breaking $2.8 billion valuation placed on the British business lender is “modest”. Rishi Khosla, who co-founded and runs the financial technology business, added that in fact the valuation after a near-$400 million investment by the Softbank Vision Fund could be “low”, given the fintech’s record in its first two years and its prospects. Oaknorth, which employs only 300 people, increased its loan book by almost 160 per cent last year to £2.2 billion, while loans from licensing technology to other financial institutions jumped from $100 million to $4 billion. I believe in business models that make money,” Mr Khosla, 43, said. Oaknorth was the first British fintech in digital banking to make…

Source: The Times February 09, 2019 00:01 UTC