Oakam

lendingonline loans

FOUNDING YEAR: 2006
LOCATION: United Kingdom
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Oakam helps overlooked consumers up the credit ladder. WARNING: Late repayment can cause serious money problems. For help go to https://t.co/yEPogPOxBo

MEDICI Analysis

Oakam is a lending platform for the unbanked and underbanked customers. It offers loans for short-term as well as for long-term duration through its mobile- and web-based platform. Its aim is to make financial services accessible to millions of people across the UK.

Focus

PRODUCTS & SERVICES

Online lending platform for UK-based unbanked and underbanked customer.

Traction

TRACTION COMMENT:

Oakam has already distributed £320m in consumer loans and its loan applications have grown by 300 percent over 2017.

People

FOUNDERS

Frederic Nze

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Victory Park Capital

 RBS Group

KEY EMPLOYEES:

Frederic Nze(CEO); George Psonis(COO); Pablo Uson(CFO)

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Dec 2017

TOTAL FUNDING COMMENT

The company is planning to accelerate its lending activity by providing additional funds (Dec 2017).

LISTED

NO

COMMENT

An undisclosed debts raised in Feb 2016 and Venture debts: $47.1 M( Dec 2017).

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp