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Abound raises £800m in growth funding

London based credit technology company raised £800m in growth funding led by GSR Ventures and Hambro Perks.

"Abound’s AI technology scans customers’ bank transaction data to understand each person’s unique financial situation and determine how much they can afford to repay each month. As a result, Abound sees 75% fewer defaults than the industry standard."

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financings, uk, europe, lending