In episode 18 we look at OakNorth. One of the newer of the UK's challenger banks and the very newest of its unicorns. A unicorn is a privately owned technology startup with a valuation north of 1 billion dollars. OakNorth recently nabbed 154 million pounds in an equity fundraise, tipping it into unicorn territory. It then raised another 90 million pounds courtesy of GIC, Singapore's sovereign wealth fund. OakNorth is focused on lending to high growth businesses and property developers and the entrepreneurs behind many of its borrowers are bright young things, hence the millennial connection. the challenger bank has grown its loan book to over 800 million pounds since launching in late 2015 and makes great play of its technology and underwriting capabilities.
The UK's oldest and best-loved conference for fintech and alternative finance insiders returns for its sixth iteration at etc.venues. We'll showcase the best of the UK's digital banking, online lending and digital wealth sectors through a series of uniquely in-depth discussions and presentations. Open Banking will be in full flight, just over a year on from its launch, and will be a central theme at the event.