Founded in 2011, this Nottingham-based business has lent more than £100m to consumers through its Likely Loans and Appro Loans websites. Thanks to changes in banking regulations, Oakbrook has been able to create more detailed profiles of loan applicants, using machine learning to help estimate borrowers’ credit risk. This has enabled it to make lending decisions for those who may otherwise have been declined. Led by chairman and interim chief executive Mark Onyett, 47, it is backed by investment firm Blenheim Chalcot. Last year sales increased to £53.3m, a figure that is made up of interest payments.
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