Abound

Abound is a London-based credit technology company using artificial intelligence and Open Banking data to deliver fairer, more affordable loans to consumers who are poorly served by traditional credit scoring. Founded in 2020 as Fintern — and rebranded to Abound in 2022 — the company was built on the conviction that the credit industry's reliance on statistical averages produced by legacy FICO-style models leads to systematic mis-pricing of individual risk, resulting in millions of creditworthy borrowers being declined or overcharged. Abound's answer is Render, a proprietary AI platform that analyses a borrower's real bank transaction data through Open Banking to build an accurate, individualised picture of what they can genuinely afford to repay each month.

Render's underwriting approach produces measurably better outcomes: Abound sees 75% fewer defaults than the UK industry standard, enabling the company to offer lower interest rates to borrowers who would otherwise pay a premium for their perceived risk. The platform also serves as a B2B product, licenced to banks and traditional lenders across Europe who want to improve their own credit decisioning or enter lending for the first time. Abound offers personal loans of £1,000 to £10,000 for terms of up to five years, and has issued over £650 million in loans since its launch.

Abound turned profitable in 2024 — just three years after launching — and has raised over £1.3 billion in combined debt and equity financing. This includes a £500 million round in 2023 (led by Citi and K3 Ventures), an £800 million round in 2024 (led by GSR Ventures), and a £300 million facility from Deutsche Bank in March 2025. The company has won the Best Open Banking Data Project at the Open Banking Expo Awards and is widely regarded as one of the UK's most innovative consumer fintech companies.