Tech Company Financing Transactions
Abound Funding Round
On 3/27/2025, Abound received $320 million in funding from Deutsche Bank.
Transaction Overview
Company Name
Announced On
3/27/2025
Transaction Type
Venture Equity
Amount
$320,000,000
Round
Undisclosed
Investors
Proceeds Purpose
This new funding will boost the company's total lending capacity to £1.6B.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
86-90 Paul Street, 3rd Floor
London, EC2A 4NE
UK
London, EC2A 4NE
UK
Phone
Website
Email Address
Not Recorded
Overview
We are often rejected for loans by high street banks, forced to borrow at ridiculous rates on credit cards, or get ripped off by high-cost lenders. We get trapped in endless debt-cycles. Traditional lenders profits at their customer's expense. They seek to maximise borrowing, and keep people in a debt cycle servicing high interest payments. 1-in-4 people in the UK routinely make only minimum payments on their credit cards, meaning they will take more than 10 years to clear their debts even with no new spending.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gerald Chappell
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Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC investment data records on this site are derived from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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