Fintech funding round-up: 13 October 2017

Fintech funding round-up: 13 October 2017

Mongolia gets a mention in this concise fintech funding round-up. Features OakNorth Bank, AND Global and TransFICC. UK challenger OakNorth Bank has secured £154 million investment as it looks to lend a further £1.5 billion to businesses in the country in 2018, and then attempt to move on globally. The funding came from the Clermont Group, Toscafund and Coltrane. The three investors have purchased a c.16% stake. Launched in September 2015, OakNorth says it has grown its loan book to over £800 million. The funding will be used by OakNorth to launch its Acorn platform to lenders around the […]