The firm, which uses AI-based risk assessments to develop financial profiles for its customers, is planning a European B2B expansion to complement its consumer offerings. The new funding will include equity and debt with support from Citi, Waterfall Asset Management, K3 Ventures, Hambro Perks and GSR Ventures.
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Abound Pulls in $600M+ to Grow Lending Ops, Plans Euro Expansion
Abound, a lending service based in the U.K., raised more than $600 million to grow its business and bolster its investments. So reports TechCrunch.
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