British digital bank OakNorth said Friday it secured $440 million in an investment round led by Japan's SoftBank. The firm, which lends to small-to-medium enterprises through its digital platform, said it had raised $390 million from SoftBank's $100 billion Vision Fund, with the remaining capital coming from Clermont. The deal gives the three-year-old firm an eye-watering $2.8 billion post-money valuation, making it Europe's most valuable private fintech group. OakNorth's announcement confirmed reports overnight that said the company had received a new cash injection from the Japanese tech giant. Speculation over the funding began late last year after a Times of London report said that SoftBank was in talks with OakNorth and fellow British fintech firm Revolut about investing in both businesses via its technology investment fund.

https://www.cnbc.com/2019/02/08/softbanks-vision-fund-pumps-390-million-into-uk-fintech-oaknorth-valuing-it-at-2point8-billion.html