British startup OakNorth has raised a $440 million funding round from SoftBank’s Vision Fund as well as the Clermont Group. The company is creating a digital bank and focuses on loans for small and medium enterprises and the technology behind those loans.
Today’s funding round is the biggest funding round in a European fintech company. OakNorth has raised $848 million in primary funding since its creation.
With this funding round, the company plans to double