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Oakam

company

About

Loal equips those poorly served by mainstream providers to build their credit profiles and live life on another level

  • London,England,United Kingdom
  • 51 - 100

Highlights

Total Funding Amount
£41M
Funding Rounds
2
Investors
1

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
£35M
Industries
Credit,Financial Services,FinTech,Software
Founded date
Aug 1, 2006
Number Of Employee
51 - 100
Operating Status
Active
Legal Name
Oakam Limited
Also Known As
Loal Ltd

Loal exists to equip those poorly served by mainstream credit services to overcome short-term difficulties, build their credit profiles and enhance their financial literacy. Through the Loal app, we provide the credit building tools to enable the financially excluded to level up and improve their financial wellbeing. We do this by disrupting the traditional credit scoring system and giving control back to consumers.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
£41M
Oakam has raised a total of £41M in funding over 2 rounds. Their latest funding was raised on Jul 30, 2019 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 30, 2019 Corporate Round £6M — — — Detail
Dec 4, 2017 Debt Financing £35M 1 Victory Park Capital — Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Oakam is funded by 1 investors. Victory Park Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Victory Park Capital Yes Debt Financing
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