About Oakam
Oakam was a Financial Services company based in London (United Kingdom) founded in 2006 by Frederic Nze. It offers loans tailored for the unbanked and underbanked. It operates on a B2C model. Oakam has raised $7.89 million across 3 funding rounds from investors including Victory Park Capital Advisors and NatWest Group. The company has 74 employees. Oakam was last valued at $17.48 million in July 2019. Its chief executive, as recorded, is Frederic Nze. The company is recorded as dissolved. Its focus areas include Finance, Banking, Lending and For Unbanked. Its legal entity is OAKAM LTD. Its competitors include Fund Ourselves, AGAM and Sendry; 1 of its 3 listed competitors has raised funding.
Company details
Oakam, led by Frederic Nze as Founder, CEO, specializes in finance, banking, facilitating loans and financing, and for unbanked. Offers loans tailored for the unbanked and underbanked. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Total Equity Funding$7.89M (USD)
in 3 rounds
- Latest Funding Round$7.89M (USD), Seed
Jul 2019
- InvestorsVictory Park Capital Advisors
& 1 more
- Employee Count74
Funding Insights of Oakam
Oakam has successfully raised a total of $7.89M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $7.89 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.89M
- Total Rounds 3
- Last Round Seed — $7.89M
- Investors Count 2
All 3 funding rounds of Oakam with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2019 | $7.89M | Seed | $17.48M | – | – |
| Dec 2017 | $47.15M | Debt – Venture | – | – | |
| Feb 2016 | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2019 | $17.48M | •••••••• |
Last known valuation $17.48M (Jul 2019). 2 investors in total: 2 institutional.
Investors in Oakam
Oakam has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Victory Park Capital Advisors and NatWest Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blank check and private debt firm focused on multiple sectors | 2007 | victoryparkcapital.com | Chicago, United States | |
NatWest Group is recognized as a UK-focused banking institution. | rbs.com | Edinburgh, United Kingdom |
Investor details for Oakam
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People of Oakam
4 people are tracked at Oakam (1 in leadership, 3 in team); the tracked headcount is 74.
| Name | Role | Group |
|---|---|---|
Frederic Nze | Founder, CEO | Leadership |
Hirna Patel | Operations Team Lead | Team |
Marie Christine Nicolas | Assistant Manager | Team |
Adrianna Banas | Customer Relations Manager | Team |
Complete people profiles for Oakam
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Timeline of Oakam
4 dated milestones of Oakam across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Oakam is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $7.9M.
- Milestone Reaches Minicorn status.
Competitors of Oakam
Oakam has 3 listed competitors in our database, 1 of them funded. They include Fund Ourselves, AGAM and Sendry.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fundourselves.com | 2015 | London, United Kingdom | $2.04M | 18 | P2P platform for microloans | |
| agam.ai | 2019 | London, United Kingdom | 1 | AI-enabled saas platform offering loan life cycle management solutions for banks and lenders | ||
| sendry.io | 2020 | London, United Kingdom | Online P2P lending platform providing short-term loans to consumers |
Detailed competitors of Oakam
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Top companies in Alternative Lending
2 companies that operate in the same segment as Oakam (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Related news about Oakam
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Frequently Asked Questions about Oakam
Oakam was founded in 2006 and raised its 1st funding round 10 years after it was founded.
Oakam is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Frederic Nze is the CEO of Oakam, as recorded in our data. They have also founded this company.
Oakam is a funded company, having raised a total of $7.89M across 3 funding rounds to date.
Oakam has 74 employees.
Oakam, led by Frederic Nze as Founder, CEO, specializes in finance, banking, facilitating loans and financing, and for unbanked. Offers loans tailored for the unbanked and underbanked. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Oakam's top competitors include Fund Ourselves, AGAM and Sendry.
Oakam has 2 investors. Key investors include Victory Park Capital Advisors, and NatWest Group.
The valuation of Oakam is $17.48M as of Jul 2019.
Oakam operates through Oakam Ltd.