Oakbrook Finance raises £142m from J.P. Morgan and Atalaya to grow its consumer lending platform
10th March 2022
Consumer lending platform provider, Oakbrook Finance, has raised £142m of new capital with global financial services firm J.P. Morgan and alternative investment advisory firm Atalaya Capital Management. Oakbrook is a digitally enabled consumer finance and technology business, removing the barriers between consumers that want to borrow and investors that want to lend.
Oakbrook’s in-house technology and analytics consumer lending platform, supports a multi-product, multi-brand strategy and digitally enabled customer services.
Luke Enock, Oakbrook’s CEO, says:
“We are delighted to be working with J.P. Morgan and Atalaya as we continue to invest in our advanced analytics and our technology business, O6K, to become a leading non-bank provider of consumer lending solutions. This transformational next step builds on an excellent financial and operational performance in 2021 and further strengthens Oakbrook’s reputation across the industry. It will help the Group accelerate growth and scale at pace.”
Oakbrook brings together people with deep expertise in consumer lending, advanced analytics and forward-thinking technologists, with a shared belief that there's a better way to do consumer lending by being more personalised and customer focused. The Nottingham-based fintech which employees more than 170 people is majority owned by leading venture builder Blenheim Chalcot and is officially one of the UK’s best places to work for a medium sized business.
Luke Enock, Oakbrook’s CEO, added:
“Oakbrook has grown substantially since it was launched through a mix of brilliant products and services which meet consumers’ and investor needs, innovative technology and a committed team which really understands its market. The Group is continuously innovating to provide tailored, affordable and simple products that people can easily manage and understand. This investment is a vote of confidence in our future as we continue to leverage our differentiated access & pricing, servicing & customer experience and differentiated products.”
Brian Moore, a Principal at Atalaya Capital Management LP, added:
“Atalaya is excited to help Oakbrook in their mission to bring a more personalised and customer-focused lending experience to consumers seeking solutions to their borrowing needs. This new capital will allow Oakbrook to further enhance its position as a market leader in the consumer lending market.”