Masayoshi Son, chief executive of Softbank, whose Vision Fund is considering its first foray into British fintech KIM KYUNG-HOON/REUTERSA pair of British technology “unicorns” could be the next investments for Softbank’s $100 billion Vision Fund, providing a significant vote of confidence in the UK’s growing band of online-only challenger banks. Revolut and Oaknorth have held talks with the Softbank fund about a potential investment at their next fundraisings, in what would mark the Mayfair-based vehicle’s first investments in the British financial technology sector. Talks with Revolut are said to be at a very early stage, while negotiations with Oaknorth are understood to be more advanced. In each case a final decision is not expected for several months, according to a source with direct knowledge of the matter. The Vision Fund is the world’s largest investor in technology companies, with substantial stakes in Uber,…

Source: The Times November 12, 2018 00:00 UTC