What is Oakam?
Oakam is a financial services provider dedicated to empowering individuals overlooked by traditional lending institutions. The company offers accessible credit and digital budgeting tools through its mobile application, aiming to simplify credit management and foster financial growth. Oakam also maintains a UK retail network, providing personalized support in native languages, and has facilitated over 420,000 loans totaling more than £320 million since its inception.
How much funding has Oakam raised?
Oakam has raised a total of $47.1M across 1 funding round:
Debt
$47.1M
Debt (2017): $47.1M with participation from Victory Park Capital
Key Investors in Oakam
Victory Park Capital
Victory Park Capital Advisors is an investment firm specializing in providing capital to emerging and established companies, particularly those unable to access traditional funding sources. They are known for their industry network and expertise in credit structuring.
What's next for Oakam?
The recent major strategic investment signals a pivotal phase for Oakam, likely geared towards scaling its operations and enhancing its digital offerings. This enterprise-level funding suggests a focus on expanding market reach, refining its credit accessibility model, and potentially exploring new technological integrations to further serve its target demographic. Oakam's commitment to providing straightforward credit and budgeting tools positions it for continued growth in the underserved financial market.
See full Oakam company page
