Nottingham-based Oakbrook provides consumer loans through its Likely Loans and Appro Loans websites. The firm has developed an automated application system that enables customers to access cash within 24 hours of completing the form. It also uses machine learning to help estimate borrowers’ credit risk, enabling it to make lending decisions based on a deeper analysis of borrowers’ behaviour. Backed by investment firm Blenheim Chalcot, the company increased its sales last year to £40.4m, a figure that represents interest payments.
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