Oakbrook and Experian launch ‘OakbrookOne’ with ReFi™ technology – A Simpler, Smarter Way to Consolidate Debt

Oakbrook debt consolidation technology takes a significant leap forward with the launch of OakbrookOne, a new platform created in partnership with Experian. This innovative solution leverages ReFi technology to simplify the debt consolidation process, offering consumers a smarter, more streamlined way to manage their finances.

Developed using Experian’s ReFi™ technology, the digital journey is quick and straightforward. Currently, over 40% of customers taking out an OakbrookOne loan on the Experian Marketplace have had their debts settled and funds paid out the same day. 2 The product has already soft-launched on the Experian Marketplace and is now being rolled out more widely. The launch marks a significant milestone in a six-month collaboration between the two organisations, focused on using data and technology to drive financial inclusion.  By combining data insights from Experian with Oakbrook’s lending innovation, Oakbrook debt consolidation technology helps users streamline multiple debts into a single, manageable plan.

The partnership was born out of a shared commitment to address the UK’s widening credit gap. Since late 2024, Oakbrook and Experian have worked together to pilot ReFi™ technology with real customers. Over the past six months, Experian and Oakbrook have delivered over £5 million in lending through ReFi™. This partnership comes at a time when the FCA has called on lenders to “step up” and fill the void left by market exits. OakbrookOne is a direct answer to that call – a product that works for both lender and borrower, backed by data, and built for impact.  

Claire Smith, Head of Marketing at Oakbrook, added: “ReFi™  is helping us approve more applications in a way that’s smarter, safer, and more affordable. We’ve already helped thousands of people save money and reduce their debt burden, and this is just the beginning. OakbrookOne is a gamechanger and together with Experian, we’re setting a new standard for inclusive lending.”  

Jake Ranson, ReFi™ Managing Director at Experian, commented: “OakbrookOne is a breakthrough for financial inclusion in the UK. By harnessing the power of our ReFi™ technology, we’re enabling access to credit for people who’ve traditionally been left behind. The results speak for themselves – better-performing loans, lower interest rates, and real savings for consumers.”  With this launch, Oakbrook debt consolidation technology positions itself as a leading solution for smarter, data-driven personal finance.