Oakbrook Finance secured £142m in funding from JP Morgan and Atalaya Capital Management.

Oakbrook Finance, a Nottingham, UK-based operator of a consumer lending platform, announced that it secured a £142 million ($187M) funding round.

The money was raised from JP Morgan and Atalaya Capital Management.

Oakbrook Finance, founded in 2011 by CEO Luke Enock, developer a digital marketplace for a consumer finance, providing loans with APR’s randing from 6.9% to 34.9% and loan amounts up to £15,000. Users can complete an online application to check eligibility, with money received within a couple of hours. The platform also offers an omni-channel account management, two repayment breaks each year, repayment date changes and overpayments with no penalties.

It has a team of 170 and is majority owned by venture builder Blenheim Chalcot.