Fintern
Latest round
- Series A
Last raised
- Jan 2022
Total raised
- $6.5M
Investors
- 2
About Fintern
Fintern Ltd is a UK-based company headquartered in London that operates as a consumer lending platform targeting individuals overlooked by traditional credit scoring methods. Founded by Gerald Chappell and Michelle He, the company has pivoted to focus on its main product, Abound, which utilizes AI technology to enhance credit assessment. The CEO, Gerald Chappell, has a history in financial technology, contributing to the company's strategic direction.Fintern, now operating as Abound, offers financial solutions through its two principal products: Abound and Render. Abound provides unsecured personal loans up to GBP 10,000, specifically designed for underserved customers. The distinctive feature of Abound is its integration with Render, an AI-powered credit decisioning platform that assesses borrowers' creditworthiness by analyzing real-time bank transaction data, focusing on their financial behavior rather than conventional credit scores.Fintern's revenue model is based on lending services through Abound, where income is generated from interest on personal loans issued to consumers. The company's platform analyzes customer financial data leveraging Render technology to determine loan eligibility and amounts. The company plans to utilize these funds to bolster its team, launch its first B2B partnerships, and explore opportunities for geographical expansion. Future initiatives include designing new financial products aimed at further serving consumers' diverse needs.
Who invested in Fintern
2 investors across 1 round
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Funding rounds
Series A
Jan 4, 2022
Amount
$6.5M
Investors
Questions about Fintern
Who invested in Fintern?
Fintern has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Fintern raised?
Fintern has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Fintern last raise money?
Fintern's most recent round on record is a Series A, in Jan 2022.
What does Fintern do?
Fintern Ltd is a UK-based company headquartered in London that operates as a consumer lending platform targeting individuals overlooked by traditional credit scoring methods.
Where is Fintern headquartered?
Fintern is headquartered in London, UK.
Which VCs invest in companies like Fintern?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Fintern's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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