Nottingham-based Oakbrook provides consumer loans through its Likely Loans and Appro Loans websites. Led by chief executive Michael Woodburn, 46, it has developed an automated application system that enables customers to access cash within 24 hours of applying, and says it uses machine learning to help estimate borrowers’ credit risk. Backed by investment firm Blenheim Chalcot, the company increased its sales last year to £24.8m, a figure that represents interest payments.
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