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KKR-backed fintech takes £13m hit from motor finance scandal
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KKR-backed fintech takes £13m hit from motor finance scandal
A UK fintech backed by investment giant KKR has posted a hefty loss after being forced to set aside cash for the brewing motor finance scandal. Oodle Finanical Services recorded a pre-tax loss of £38m for the financial year ending 30 June 2025, after the firm was forced to set aside a whopping £12.8m in provisions for the forthcoming regulatory redress scheme on the car mis-selling saga. The Financial Conduct Authority (FCA) is set to lay out th…
·London, United Kingdom
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