Consumer lending platform provider Oakbrook Finance has completed a £142 million funding round, with JPMorgan and alternative investment advisors Atalaya Capital Investment leading the list of investors.
Oakbrook offers an analytics consumer lending platform and in-house technology that offers support for a multi-product and multi-brand strategy. The additional capital will be used to expand its technology offerings and expand to other markets, according to the firm.
The Investment Will Help Oakbrook To Accelerate Growth
Chief Executive Officer of Oakbrook, Luke Enoch, stated that the company will continue to invest in its technology and advanced analytics business O6K. He stated that the goal is to become a top non-bank provider of consumer lending solutions, and the extra funding will make this possible.”It will help the Group accelerate growth and scale at pace,” Enoch added.
Oakbrook will enhance its operations using people with deep knowledge in forward-thinking technologies, advanced analytics, and consumer lending.
The platform is owned by venture builder Blenheim Chalcot and has more than 170 staff. Oakbrook has seen impressive growth since it was launched, due to its provision of excellent products and services that meet the needs of consumers and investors. The firm is always innovating to offer affordable and tailored products to consumers.
The additional investment fund shows that the company has built confidence among top financial investment firms. It also shows that Oakbrook is well equipped to take the next steps towards providing differentiated products and services.
JPMorgan To Assist In The Use Of Innovative Technology
JP Morgan has intensified its partnership efforts in emerging companies since the beginning of 2022. The financial services giant recently stated that it invested in blockchain intelligence company TEM Labs. The latest investment in Oakbrook Finance will enable JPMorgan to assist the use of innovative technology within the consumer lending space.
Atalaya, represented by Brian Moore, stated that the company is excited to be part of the Oakbrook project. The goal is to team up to bring a customer-focused and personalized lending experience to consumers looking for solutions to their lending needs.
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Source: https://insidebitcoins.com/news/jpmorgan-invests-in-oakbrook-finance-to-enhance-consumer-lending