£250M
Deutsche Bank has provided up to £250m in new financing to help the credit technology firm scale its operations.
A
Abound
Abound provides consumer loans using AI and Open Banking data to assess affordability.
London, UK—Founded 2020
£1.6BTotal raised
An AI-powered credit technology firm providing consumer loans based on individual affordability assessments.
Categories
Founders
GC
Gerald Chappell
CEO and Co-founder
MH
Michelle He
Chief Operating Officer and Co-founder
Michelle serves as co-founder and chief operating officer at Abound and Render. Her background includes management roles at EY and Oliver Wyman.
LinkedInInvestors
- £250MDBDeutsche BankLead
- £800MCCitiFollow-on
- £500M
Funding history
£800M
The financing round includes participation from GSR Ventures and Citi to fund international expansion and product rollout.
£500M
The funding round includes backing from Citi, Waterfall Asset Management, K3 Ventures, GSR Ventures, and Hambro Perks.