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Financial superapp Abound has successfully raised $14 million in funding, with contributions from Near Foundation and other investors. This investment aims to enhance Abound's offerings and expand its market presence in the financial technology sector.
Deutsche Bank has invested GBP 250 million in UK fintech Abound, enhancing its lending capacity to GBP 1.6 billion. Utilizing AI and Open Banking data, Abound offers loans between GBP 1,000 and GBP 20,000 with competitive rates, aiming to improve access to credit for low-risk individuals often overlooked by traditional methods. The company, operational since 2024, achieved profitability within three years and is expanding its technology to other lenders.
Deutsche Bank has invested £250M in UK fintech firm Abound, enhancing its lending capacity to £1.6B. Abound utilizes AI-driven cashflow underwriting and Open Banking insights to offer tailored loans, achieving profitability within three years of its 2024 launch. The company provides loans from £1,000 to £20,000 with competitive APRs and aims to expand its technology globally.
Abound Energy Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Abound secures 14 million funding from Near Foundation and investors
06:53 03.04.2025
Deutsche Bank invests in fintech Abound enhancing AI-driven lending capabilities
08:40 02.04.2025
Deutsche Bank invests 250 million in fintech firm Abound for AI lending
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Deutsche Bank Money Market PP
Abound Energy Inc.
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Michelle Heyman
Gerald Chappell
13:01 27.03.2025
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