Abound

Abound, a British technology-driven lending firm, has raised £800 million in a significant funding round supported by a consortium of investors led by Scottish billionaire Sir Tom Hunter, alongside GSR Ventures, Hambro Perks, and a debt facility from Citigroup.

Summary of transaction details:

• Value: £800 million
• Sector: Fintech
• Advisor: Not disclosed
• Key Entities: Abound, Sir Tom Hunter, GSR Ventures, Hambro Perks, Citigroup
• Location: United Kingdom

Note: This transaction represents a major growth equity raise for Abound, which leverages AI-powered credit decision technology called Render to serve consumers and provide lending solutions to other institutions across Europe. The funding will accelerate expansion into prime lending in the UK and scaling of its B2B operations globally.