Frederic Nze is CEO and co-founder of Oakam, a digital micro-lender helping underbanked, overlooked consumers climb onto and up the credit ladder. Powered by the growing affordability of the smartphone, Oakam’s digital approach to micro-lending combines data analytics and behavioural science to provide fair, transparent credit that rewards the formation of good financial habits.
Prior to Oakam, Frederic applied his expertise in decision science, financial product design, and consumer credit at firms including American Express, Barclays and GE Capital. Frederic soon realised the potential of the overlooked microcredit market and launched Oakam in 2006. Today Oakam has provided more than 420,000 loans totalling £320 million.
Raised in the Congo, Frederic saw firsthand how informal community lending helped to jumpstart entrepreneurs and fledgling businesses. This drives his vision to build an elegant technology solution to tackle financial exclusion on a global scale.