FT Partners Advises Oakam on its ~$47,000,000 Financing from Victory Park Capital
Overview of Transaction
- On December 4, 2017, Oakam announced it has secured a £35 million (approximately $47 million) debt investment from Victory Park Capital
- Headquartered in London, Oakam is a digital micro-lender focused on the underserved communities who otherwise struggle to access the funds they need to manage immediate financial obligations and improve long-term financial health
- To date, Oakam has disbursed £320 million to help financially excluded consumers gain access to credit
- Victory Park Capital (VPC) is an investment firm with a focus on alternative credit
- VPC provides privately negotiated debt and equity capital solutions to small and middle market companies across a wide range of industries
Significance of Transaction
- The funds raised will enable Oakam to accelerate its lending activity in the UK and continue to disrupt the global micro-lending industry
- Oakam has built a strong track record of growth in the last decade since its launch in 2006, and its loan application levels have grown by 300% in 2017
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Oakam and its Board of Directors
- This transaction demonstrates FT Partners' continued success advising leading companies in the Alternative Lending space and highlights the Firm’s ability to find optimal financing solutions for FinTech clients across the globe