Oakbrook

Managing Director Jon Painter introduces you to Oakbrook

Oakbrook is a digitally enabled consumer finance and technology business, removing the barriers between consumers that want to borrow and investors that want to lend.

Formed in 2011, Oakbrook has brought together people with deep expertise in consumer lending, advanced analytics, and forward-thinking technologists, with a shared belief that there is a better way to do consumer lending – by being more personalised and customer focused. Oakbrook comprises of 2 FCA regulated consumer lending businesses and O6K, a business-to-business technology and analytics company.

The shared purpose across all 3 companies is solving the challenge of simplifying and personalising borrowing. Providing customers with fairer access to credit based on their individual circumstances leveraging cutting edge technology

Oakbrook has been lending since 2014 and has developed into one of the leading non-bank loan providers in the UK, with loan amounts ranging from £500 to £15,000 across Prime, Near Prime and Non-Prime APR bands.

Some Business Stats

99% Feefo Rating

Loans provided to over 160,000 customers

9 out of 10 customers would recommend Likely Loans to a friend

Lent over 100 million

Impact Stories

Elena from Birmingham

Elena was struggling to be accepted for a loan, she was looking to fund an operation for her dog Pufi. She was approved for a Likely Loan and gave some fantastic feedback:

“I have already told my best friend about the website!!!! I had applied in 1 day and next day got the money in my account!!! No papers, no fees, no waiting!!!! Brilliant!!! I needed the money for heart surgery for my puppy.  Already booked the surgery!  Couldn’t have done it without Likely Loans.  THANK YOU!”

Nutshell

Consumer Lender

Sector

FinTech

Milestones

  • 2011:

    Business founded

  • 2014:

    Likely Loans launched

  • 2015:

    Over £50 million lent

    Completed 1st external debt funding

  • 2016:

    Moved to Accelerate office space

  • 2017:

    Appro Loans launched

  • 2018:

    Lent over £100 million

  • 2020:

    Best Workplaces™ for women

    Best Workplaces™ in Tech

    Best Workplaces™ Medium Organisation

  • 2021:

    O6K launched

    Oakbrook Loans launched

    Best Workplaces™ in Tech

    Best Workplace™ Medium Organisations

Awards

2016: Employee Engagement Awards Finalist
2016: IIP accreditation
2017: Moneyfacts awards winner
2018: Techtrack 100 ranked 7th
2018: Moneyfacts awards finalist
2018: Techtrack 100 ranked 16th
2018: Credit awards ‘Credit modelling and risk team of the year’ winner
2019: Techtrack 100 ranked 50th
2019: Moneyfacts award finalist
2019: : Credit awards ‘Excellence in Open Banking’ and ‘Alternative lender of the year’ winner
2019: Consumer Credit Awards ‘Digital Champion’ winner
2019: Loans warehouse Xtra Awards ‘Lender of the year’ winner

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