Abound
abound.co.uk London UK company
- Headquarters
- London
- Sector
- Fintech
- Incorporated
- 2020
What does Abound do?
Abound lends to UK consumers using open banking data rather than credit scores, on the argument that what is actually in someone's bank account predicts repayment better than a score does.
How does Abound work?
Reads bank transaction data through open banking to assess affordability directly, rather than inferring it from a credit score built on someone's borrowing history.
What does Abound offer?
Personal loans to UK consumers, and lending technology licensed to other providers.
Who runs Abound?
Abound has 3 currently appointed directors.
- Gerald Chappell
- Cong, Dr He
- Yongzhi, Mr. Yang
Currently appointed officers only, from the Companies House register. Directors who have resigned are excluded — naming someone who left as running the company is worse than naming nobody.
Where is Abound based?
Abound is headquartered in London. It was incorporated in 2020. Other AI companies in London →
Why does Abound matter to a UK operator?
Lending on what is actually in someone's bank account rather than a credit score is a policy argument as much as a product. Relevant to anyone thinking about open banking or financial inclusion in the UK.
Company record
Registered as FINTERN LTD, company 12472034, a private limited company, incorporated on 19 February 2020. Registered office: 3rd Floor 86-90 Paul Street, London, England, EC2A 4NE. SIC 62012 - Business and domestic software development.
Looked up on the register. Of the first 83 numbers supplied to this directory, 12 belonged to entirely different businesses.
What else is Torus tracking near Abound?
4 other UK companies working in Fintech:
6 other AI companies headquartered in London: