2 years ago

Abound Raises £500M in Debt and Equity Financing

  • Abound, a fintech company, has raised £500M in debt and equity financing to expand its customer base, grow its headcount, and develop its business-to-business offer.

      • ProblemFinancial Services

      "Abound aims to address the challenge of providing accessible and affordable loans to a wider range of customers by leveraging artificial intelligence and Open Banking."

      Solution

      "Abound offers a financial service that uses Open Banking and artificial intelligence to provide borrowers with flexible loans between £1,000 and £10,000, repayable over 5 years, to cater to a broader customer base."

      Covered on