For the second time in the last few months OakNorth CEO Rishi Khosla said he was open to making an acquisition, though the deal had to be the right fit; Khosla explained while speaking at a Founders Forum according to AltFi, “at a time like this, there may be great opportunities to pick up talent or certain IP at moderately sensible numbers, but then it’s a question of capital allocation – is that the best use of the capital you have?”; capital scarcity is also something that Khosla believe many fintechs will be dealing with, as compared to the last few years which saw excess capital availability; recessions can also breed successful companies, just like the last recession helped to create the broader fintech market; “A lot of great businesses come out of a crisis and one of the reasons for that is because a crisis leads to capital scarcity which means you build in a totally different way,” said Khosla. Altfi
