OakNorth, a digital bank for entrepreneurs, has completed a strategic transaction with Monite, an all-in-one financial management platform for businesses.

The transaction, which includes the transition of Monite’s core technologies and the onboarding of its product and engineering teams, will enable OakNorth to integrate robust accounts receivable (AR), accounts payable (AP), and expense management functionality directly into its business banking offering.

This deal establishes the foundation for OakNorth’s future offerings in finance automation, aimed at helping lower mid-market businesses streamline complex and time-consuming financial operations. The first of these capabilities is expected to go live in Q2 2026.