Deutsche Bank has invested £250 million in UK fintech Abound, boosting its lending capacity to £1.6 billion. The funding will support the scaling of Abound’s AI-driven credit decisioning platform, Render, which uses open banking data to assess creditworthiness and provide more accurate, personalized loan offers. Abound plans to expand globally, leveraging the UK’s open banking infrastructure and AI-powered lending models to reduce default rates and offer more affordable loans.

Deutsche Bank Invests £250M in UK Fintech Abound to Accelerate AI-Powered Lending