SMBC invests $30m in OakNorth
Sumitomo Mitsui Banking Corporation (SMBC) has purchased shares worth $30m shares in OakNorth Holdings Limited.
OakNorth provides debt finance to SMEs, property developers and investors, and has recently branched into fund finance.
SMBC is part of Tokyo-based Sumitomo Mitsui Financial Group (SMFG).
In addition to the investment, OakNorth has partnered with SMBC to launch its credit intelligence software.
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