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Salica

Salica Investments (formerly Hambro Perks) is a London-headquartered investment firm focusing on technology, financial, healthcare, life science sectors across the Middle East & North Africa and Europe.
"Our Focus is Growth. From seed to scaling, growth means everything to us."

Abound

Finance

Lending

Consumer Lending

AI/IoT

Abound is a consumer lending financial firm that provides personal loans.

Fair

PrimaryBid

Vedanta Biosciences

MindMaze

Casavo

Peppy

Medwing

Muscat

44.01 Climate Tech

We eliminate CO2 by turning it into rock using the natural power of mineralisation.

Dubai

Sarwa

Fintech

Sarwa is an online platform that makes investing in global markets simple and affordable for investors in the Middle East.

Navro

Oxbury Bank

Lindus Health

Previse

Trade Ledger

Pi-Top

Capitalise.com

Merit Incentives

Technology

Merit Incentives is a global engagement technology and solutions company that helps businesses boost customer and employee engagement through its innovative enterprise solutions.

Riyadh

Ejari

Proptech

Real Estate

Rental

Property

Ejari is a Saudi real estate technology company that provides a rent now and pay later service for residential units.

Shift

Even

Healthcare

Virtual Internships

NOW Money

Mobile Payments

Financial Services

Banking

NOW Money uses mobile banking technology to bring accounts and remittance to the unbanked population of the Middle East.

Humn.ai

Semble

Daye

Kadence

SURI (Sustainable Rituals)

what3words

Energy

Nayms

NFT/Crypto

By Miles

Laundrapp

SUPERHOG

Administrate

The Dots

Sharwa

E-Commerce

Quorso

Consentio

Sust Global

Mazepay

Vitrue Health

SteadyPay

Tempo

ExSeed Health

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Tootle

Coras

Saiz

Information Technology

FloodFlash

Responsibly

minicabit

Echo

Blend Media

Gluru

Stowga

Webio

Insly

HR Duo

Muzz

My Emissions

Mettrr

Takumi

Credentially

Labrador

Aide Health

Blueprint

Digital Home Visits Group

Smart TMS

Health Care

Zenaura

Compass News

Artificial Intelligence (AI)

Concured AI

Kuwait

Bazzar Gate

Retail

Shopping

Bazzar Gate is a leading company in the field of information technology. At Bazzar Gate, we design intuitive and visually compelling electronic stores to enhance user experience and boost conversions.

MoveWise

Bubble Student

Seenit

Unlocked

Wevat

emoquo

Akoni Hub

AntStream Arcade

Apperio

boclips

Deep Grey Research

Designtalent

FullCircl

GetGround

GoTo Digital

IDOVEN

InMyBag

Insurtech Gateway

Kare Knowledgeware

Software

Klevio

Kortext

Kraydel

LatestinBeauty.com

Leading Edge Only

Odondo

Onin

Pangaea Data

Sketch

U.K.-based consumer lending service called Abound is doubling down on its ambitions in the space with a big fundraise to fuel its own open banking-based business. The startup has raised a whopping £500 million ($601 million at today’s rates) — money that it will be using to help finance loans, to bring more customers on to its platform, and to invest in its technology, which combines open banking data and machine learning algorithms to build what Abound believes is a better “credit score” for applicants. To complement its direct-to-consumer offer in the U.K., Abound also plans to expand as a B2B service in Europe, which has been building out its own open banking framework, PSD2.
Abound’s new funding includes both debt and equity: with U.S. bank Citi plus clients of Waterfall Asset Management providing the debt portion; and K3 Ventures, GSR Ventures and Hambro Perks providing equity.

As is typical with lending startups, the vast majority of the $601 million here is debt, which will be used for lending; the smaller equity part will be used for investing into the business itself. Abound is not disclosing valuation, but for some context, Chappell confirmed that the startup, previously known as Fintern.AI (which is technically still the parent company’s name), had previously raised just under $11 million in equity and around $60 million for loaning.

Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform

Fintern has secured £8 million of new capital in its latest funding round. The investment, which brings the Company’s total capital raised to £40 million and will help drive expansion plans, was led by Hambro Perks, an international investment firm focused on private investing. The investment round also included an equity investment from Fintern’s primary debt provider, Varengold Bank, and other high-net-worth individuals. Osborne Clarke LLP advised Fintern on the fundraising. The proceeds from the investment will be used to bolster Fintern’s presence in the UK, build out its team and launch its first B2B partnerships.

Fintern announces the closing of an £8m Series A funding round

Salica

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Funding Deals, by Startup Growth Stage

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We Invest in Startups in the Following Stages

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