SoftBank Vision Fund to invest $440m in UK banking startup OakNorth

The Vision Fund's $100 million backing for Biofourmis, a U.S. startup that tracks health data using wearable devices, highlights its new focus on early-stage investments. (Photo courtesy of Biofourmis)

Japan’s SoftBank Group Corp’s Vision Fund will invest $440 million (£339 million) in British banking start-up OakNorth, a source told Reuters on Thursday, confirming an earlier Financial Times report.

Britain’s OakNorth is a start-up specialist bank that provides business and property loans, as well as personal and business savings.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter