OakNorth raises $440 million from SoftBank and Clermont

OakNorth, a British startup building a digital bank focused on small and medium enterprises, has raised a $440 million funding round from SoftBank's Vision Fund and the Clermont Group. This marks the largest funding round ever for a European fintech company, bringing OakNorth's total primary funding to $848 million. The company plans to use the funds to expand its loan offerings, further develop its platform for other financial institutions, and explore opportunities in the U.S. market through partnerships.

OakNorth Raises $440 Million in Funding Led by SoftBank Vision Fund

OakNorth is a British startup creating a digital bank focused on loans for small and medium enterprises and the technology behind those loans. The company also licenses its platform to other institutions, allowing banks to leverage OakNorth Analytical Intelligence platform for their own loan books, from origination to credit analysis and portfolio monitoring. OakNorth manages 34,000 savings accounts and plans to expand to the U.S. through partnerships with American banks.

OakNorth is a British startup creating a digital bank focused on loans for small and medium enterprises and the technology behind those loans.

6 years ago

OakNorth Raises $440 Million in Funding Led by SoftBank Vision Fund

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