OakNorth breaks Europe’s fintech fundraising record with $440 million round (SFTBY)
|02/11/2019||Posted by BusinessMediaguide.Com under General World News||
UK’s digital-only bank OakNorth raised $440 million, with $390 million coming from SoftBank’s Vision Fund and $50 million from Clermont Group, per CNBC.
The banking startup offers competitive personal and savings accounts, business loans, and property finance. It specializes in small- and medium-sized business (SMB) lending, extending loans from £500,000 ($648,000) to up to £40 million ($52 million), and has a loan book of over £2 billion ($2.6 billion) to date.
The banking startup reported a pre-tax profit read more >>>