JPMorgan invests in Oakbrook Finance

JPMorgan, one of the world’s largest financial services providers, recently invested in Oakbrook Finance, a consumer lending platform provider. The company has raised a total of £142m in new funding from JPMorgan and Atalaya Capital Management.

With this investment, Oakbrook Finance aims to grow its operations. The consumer lending platform provider also plans to lower the barriers between consumers who want to borrow and investors who want to lend.

Since the start of 2022, JPMorgan has increased its investments in emerging companies working in the global financial ecosystem. The financial services giant recently announced its investment in blockchain intelligence firm TRM Labs.

With support from Oakbrook Finance, JPMorgan plans to help use innovative technologies in consumer lending.

“We are delighted to work with JP Morgan and Atalaya as we continue to invest in our advanced analytics and technology business, O6K, to become a leading non-bank provider of consumer credit solutions. This next transformational step builds on strong financial and operational performance in 2021 and further strengthens Oakbrook’s reputation in the industry. This will help the group accelerate its growth and scale at its own pace,” said Luke Enock, CEO of Oakbrook.

In August last year, JPMorgan invested in investment analytics platform Aumni. The bank led Aumni’s $50 million funding round.

Growing demand

According to Enock, Oakbrook Finance has recently experienced rapid growth amid increased demand for its products and services.

“Oakbrook has grown tremendously since launch thanks to a combination of brilliant products and services that meet consumer and investor needs, innovative technology and a committed team that truly understands its market. The Group is constantly innovating to provide tailor-made, 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 and pricing, customer service and experience, and differentiated products,” added Enock.

JPMorgan, one of the world’s largest financial services providers, recently invested in Oakbrook Finance, a consumer lending platform provider. The company has raised a total of £142m in new funding from JPMorgan and Atalaya Capital Management.

With this investment, Oakbrook Finance aims to grow its operations. The consumer lending platform provider also plans to lower the barriers between consumers who want to borrow and investors who want to lend.

Since the start of 2022, JPMorgan has increased its investments in emerging companies working in the global financial ecosystem. The financial services giant recently announced its investment in blockchain intelligence firm TRM Labs.

With support from Oakbrook Finance, JPMorgan plans to help use innovative technologies in consumer lending.

“We are delighted to work with JP Morgan and Atalaya as we continue to invest in our advanced analytics and technology business, O6K, to become a leading non-bank provider of consumer credit solutions. This next transformational step builds on strong financial and operational performance in 2021 and further strengthens Oakbrook’s reputation in the industry. This will help the group accelerate its growth and scale at its own pace,” said Luke Enock, CEO of Oakbrook.

In August last year, JPMorgan invested in investment analytics platform Aumni. The bank led Aumni’s $50 million funding round.

Growing demand

According to Enock, Oakbrook Finance has recently experienced rapid growth amid increased demand for its products and services.

“Oakbrook has grown tremendously since launch thanks to a combination of brilliant products and services that meet consumer and investor needs, innovative technology and a committed team that truly understands its market. The Group is constantly innovating to provide tailor-made, 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 and pricing, customer service and experience, and differentiated products,” added Enock.