UK Consumer Lending Specialist Oakbrook Finance Secures £142M Investment

Nottingham-based non-bank consumer lending platform provider, Oakbrook Finance, has raised £142 million from JP Morgan and alternative investment advisory firm Atalaya Capital Management.

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Oakbrook has an in-house technology and analytics consumer lending platform that supports a multi-product, multi-brand strategy and digitally-enabled customer services.

The firm describes itself as "a digitally-enabled consumer finance and technology business, removing the barriers between consumers that want to borrow and investors that want to lend".

Luke Enock, Oakbrook's CEO, says the new capital will help the group "accelerate growth and scale at pace".

Enock adds: "The group is continuously innovating to provide tailored, affordable and simple products that people can easily manage and understand."

The company, which employees more than 170 people, is majority owned by venture capital company Blenheim Chalcot.

(Source: Fintech Futures)