<ul><li>London-based fintech Abound has secured up to €299.8 million in financing for consumer loans from Deutsche Bank, increasing its lending capacity to €1.9 billion.</li><li>Abound utilizes AI and open banking to offer fair and affordable loans based on a borrower's financial situation and affordability.</li><li>The funding will aid Abound in scaling its operations, enhancing financial inclusion, and modernizing the lending sector.</li><li>Abound has become one of the UK's fastest-growing fintechs, having issued over €779.7 million in loans since its launch in 2020.</li></ul>

Abound secures up to €300 million in financing to power the AI-led lending revolution

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