# Abound

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abound

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.getabound.com
- Latest round: Series B (May 7, 2024)
- Investors on record: 1

## About

Founded in 2020 by its CEO, Gerald Chappell, and COO, Michelle He, and based in London, UK, Fintern Limited, doing business as Abound, operates as a financial services company that offers a range of lending solutions, that are designed to serve the interests of borrowers and their long-term financial health. In March 2023, Abound raised venture debt funding from investors such as Citibank and Waterfall Asset Management. As of 2023, the company has offered GBP 150 billion in consumer finance loans.

The company offers a digital lending platform that allows customers to apply for and manage personal loans of GBP 1,000 to GBP 10,000 online for up to 5 years. The platform uses advanced algorithms to determine each applicant's creditworthiness, and the loan terms are customized accordingly.

The company generates by charging a rate of interest for every amount lent varying on the amount lent and the tenure.

## Funding rounds

- Series B, May 7, 2024 — GSR Ventures

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B