Abound has secured up to €299.8 million in financing from Deutsche Bank to enhance its AI-led lending operations. This funding will enable Abound to offer fairer credit options to UK borrowers and strengthen its market position.

London-based AI-powered credit technology firm Abound has secured up to €299.8 million in financing for consumer loans from Deutsche Bank. This latest funding builds on existing facilities from other funders, equipping Abound to scale operations and improve financial inclusion. The new facility raises Abound's total lending capacity to €1.9 billion and enhances its ability to provide fair loans to borrowers. Abound has positioned itself as one of the UK's fastest-growing FinTechs, utilizing AI and Open Banking for innovative credit solutions.