Oakam Ltd was a financial technology company focused on providing accessible and affordable credit to individuals who are typically excluded from mainstream financial services, such as those with limited credit history or low income. The company utilized mobile technology and alternative data to assess creditworthiness and aimed to promote financial inclusion. However, following regulatory scrutiny from the UK's Financial Conduct Authority (FCA) over its responsible lending practices, Oakam agreed to a customer redress scheme and subsequently fell into administration in February 2020, ceasing all new lending activities.

Founded in

United Kingdom