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OakNorth is Europe’s Most Valuable Fintech and is Profitable
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OakNorth is Europe’s Most Valuable Fintech and is Profitable

OakNorth is Europe’s Most Valuable Fintech and is Profitable

Fintech Nexus Staff·
EuropeFintechNews Roundup
·Apr. 4, 2019·1 min read

The company is currently valued at $2.8 billion and has lent $4 billion to British businesses with zero defaults; the company announced it had secured a $440 million investment earlier this year, led by SoftBank’s Vision Fund; another thing that sets the company apart is that they are profitable; their 2018 results shared that they had increased pre-tax profits by 220% to $46 million; OakNorth did this despite it being only their third year of operations; Forbes profiles other aspects of their business and what makes them unique. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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