Our mission

At Oakam, our mission is to create a better future for the financially excluded.  

We do this by...

...rewarding good repayment behaviour 

Our customers are able to get a cheaper loan with us at a reduced APR rate once they have demonstrated the ability to make timely repayments.  

...providing access to credit for the under-banked 

We provide loans to people who have been refused credit from mainstream lenders. When assessing people for credit we look beyond credit ratings.  We consider personal circumstances and the why and how behind each score before making a decision.

...repairing and building credit ratings

As we report customer payment behavour back to credit reference agencies, our customers can improve their credit rating if they make repayments on time. Many of our customers have been able to repair and rebuild their credit history. Some have even gone on to climb further up the credit ladder.  

..helping our customers take control of their finances 

In October 2016, we teamed up with Oval Money as part of an FCA Sandbox initiative to help our customers save money.  

About us

Oakam was founded by Frederic Nze after he recognised a need to help those who struggle to access banking services and credit in the UK. Oakam is backed by Cabot Square Capital LLP, a leading financial services private equity firm. 


We love winning awards.  In March 2016,  we won an FStech award for the best digital Launch. Less than 2 months later, we won a Credit Award for the best alternative lender.  All in all, we were shortlisted for 4 awards in 2016. 

Media mentions & coverage 

FinExtra: Technology is key enabler for new lending models.  

Telegraph: Oakam Financial Services Provider

City Wire:  Meet the 18 companies joining the FCA's regulatory sandbox


How can we help?

We are here to facilitate media with story ideas, press visits, information and image requests, fact-checking, editorial content and arranging interviews.

Our aim is to help journalists gather information for stories in a timely and friendly manner. To request a press visit or images please contact our press representative on the contact details below.

Press enquiries

Tom Allder - Chief Marketing & Digital Officer


Warning: Late repayment can cause you serious money problems. For help, go to