Its valuation, up from $1.4 billion last year, is the latest example of the quickly increasing values investors are putting on financial technology firms, known as “fintechs”, they believe are set to shake-up an industry still dominated by long-established giants. Rishi Khosla, OakNorth’s co-founder and chief executive, said in a statement the firm, which was launched in September 2015, had been overwhelmed by interest in its fintech platform, dubbed Acorn, which helps banks that adopt it lend to small and medium-sized firms more efficiently. “Having the support of such a renowned group of international investors is testament to the strength of the platform’s proposition to lenders globally,” he said.

https://www.reuters.com/article/us-britain-oaknorth/british-bank-oaknorth-valued-at-2-3-billion-in-funding-round-idUSKCN1LM18F