{
Waterfall Asset Management LLC

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2025-03-272025-03-271111100
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2025-03-272025-03-271111100
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Abound secures 250 million financing from Deutsche Bank to expand lending capacity

London fintech Abound has secured a £250m financing deal with Deutsche Bank, boosting its total lending capacity to £1.6bn. This funding will enhance its operations and financial inclusion efforts, while its AI-driven cashflow underwriting platform, Render, helps minimize default rates and offer lower consumer loan rates. Co-founders Gerald Chappell and Dr. Michelle He emphasize the potential for global expansion as Open Banking technology gains traction worldwide.
UKTN
British Pound Sterling Citizens, Inc. Deutsche Bank Money Market PP Waterfall Asset Management LLC GBR DEU Michelle Heyman Gerald Chappell Show more
Business & Industry, News Article
10:57 27.03.2025
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