Abound has secured up to €299.8 million in financing from Deutsche Bank to enhance its AI-led lending operations. This funding will enable Abound to offer fairer credit options to UK borrowers and strengthen its market position.

Abound has secured up to €299.8 million in financing from Deutsche Bank to enhance its AI-led lending operations. This funding will enable Abound to offer fairer credit options to UK borrowers and strengthen its market position.

03/27/25, 11:06 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money raised
€300 million
Industry
fintech
finance
Investors
Lumin Arx, Waterfall Asset Management, Citi, Deutsche Bank
London-based AI-powered credit technology firm Abound has secured up to €299.8 million in financing for consumer loans from Deutsche Bank. This latest funding builds on existing facilities from other funders, equipping Abound to scale operations and improve financial inclusion. The new facility raises Abound's total lending capacity to €1.9 billion and enhances its ability to provide fair loans to borrowers. Abound has positioned itself as one of the UK's fastest-growing FinTechs, utilizing AI and Open Banking for innovative credit solutions.

Company Info

Company
Abound
Location
london, england, united kingdom
Additional Info
Abound was founded to offer low-cost, fair and flexible lending solutions which serves borrowers interests and their long-term financial health.

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