Series B · Fintech · London, United Kingdom · Founded 2020 · 65–130 employees
Abound is a London-based AI-powered credit technology company that uses Open Banking and AI to provide fairer, more affordable personal loans by analyzing borrowers' actual financial situations rather than relying solely on credit scores. Founded in 2020, the company has achieved profitability and issued over £1 billion in loans, demonstrating 75% fewer defaults than industry standards through their proprietary Render technology platform. The company has raised over £1.3 billion in funding and is expanding both its consumer lending business in the UK and B2B technology services internationally. Abound offers loans between £1,000-£20,000 with terms up to 8 years and representative APRs from 8% to 29.8%.