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Fintech

SoftBank-backed OakNorth seeks sale of $400m stake

The secondary sale comes as Covid-19 continues to ravage economies all over the world. In the US, companies have shuttered in an attempt to stop the spread of the virus

OakNorth, a UK fintech backed by SoftBank, is seeking to sell a $400m stake held by an investor, Barron’s has learned.

FT Partners is advising on the secondary transaction. Indiabulls Housing Finance is the seller, Barron’s has learned.

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