TOKYO -- SoftBank's Vision Fund is moving into Europe's financial technology sector, leading a $440 million funding round for U.K. digital banking startup OakNorth Holdings.
The Vision Fund will invest $390 million while Singapore-based conglomerate Clermont Group will cover the remaining $50 million, in what is believed to be one of the largest European fintech fundraisers so far. The deal gives the startup a valuation of $2.8 billion, making it the most valuable fintech venture in the region, the company told the Nikkei Asian Review on Friday.
