News

05Jun2024

UK lender Abound secures £800m in mix of equity and debt financing

Abound, a UK-based credit technology firm, has secured a new financing round made up of a mix of equity and debt financing that could extend up to £800 million. The financing includes a multi-year asset-backed debt financing arrangement from existing backer Citi, while Silicon Valley-based GSR Ventures led the Series B equity component.