ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

SoftBank's Vision Fund makes first bet on Europe's fintech sector

Joint $440m investment in UK digital bank marks regional record

OakNorth Bank co-founder and CEO Rishi Khosla leads Europe's most valuable fintech venture.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more