<ul><li>Abound, a UK-based fintech startup, has raised €0.9B in debt and equity funding.</li><li>The funding will be used to expand into prime lending in the UK and globally roll out their AI credit technology platform, Render.</li><li>Abound uses Open Banking and AI to provide borrowers with more affordable loans compared to traditional lenders.</li><li>Their proprietary AI technology, Render, analyzes bank transaction data to determine repayment capabilities, resulting in 75% fewer defaults than industry standard.</li></ul>

UK’s fintech startup Abound secures €0.9B to increase access to fair credit through AI and open banking

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