Abound Secures $100 Million in Series B Funding to Revolutionize Credit Score-Based Lending

In a significant milestone for the alternative lending market, Abound proudly announces it has raised an impressive £1 billion in funding. As a trading name of Fintern Ltd, Abound is revolutionizing the way individuals access credit by moving beyond traditional credit score assessments and taking a holistic view of an applicant's financial profile. By analyzing factors such as earnings, spending habits, and remaining income, Abound is equipped to offer tailored loan solutions that align with each individual's unique financial circumstances. With loans ranging from £1,000 to £20,000 and repayment terms of up to five years at a competitive representative APR of 25.8%, Abound empowers customers to make informed financial decisions, whether they are consolidating debts, covering unforeseen expenses, or working toward a larger goal. The substantial funding will serve as a catalyst for Abound to enhance its technology infrastructure, streamline its lending processes, and extend its reach to even more customers in need of financial support. This strategic influx of capital underscores Abound's commitment to providing a more inclusive and comprehensive lending experience, ensuring that every customer can find a pathway to financial stability tailored to their individual needs. As Abound continues to grow, the company envisions a future where traditional lending barriers are dismantled, and everyone has access to the funds they require to thrive.