Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder at U.K.-based open banking startup Abound, says that needs to change. “Traditional credit scoring is really good at separating your...
British lender Abound has raised $600 million to tap into increased interest in open banking. The funding, reported Monday (March 6) by TechCrunch, will help the company finance loans, draw customers to its platform and build out its technology, which uses a mix of open...
Wholesale marketplace Abound raised $36.7 million in a Series B funding round led by D. E. Shaw group, with additional support from PointState Capital, Left Lane Capital, RiverPark Ventures and All Iron Ventures. The curated wholesale marketplace connects business owners and independent brands. This latest...
In today’s top retail news, Abound landed nearly $23 million in a Series A funding round, while Kirkland’s, Inc. anticipates a comparable sales rise of 1.8 percent. Plus, Hermès posted a 12.3 rise in fourth-quarter sales. Wholesale Marketplace Abound Notches $22.9 Million In Series A...
March 22, 2023
Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder at U.K.-based open banking startup Abound, says that needs to change. “Traditional credit scoring is really good at separating your prime customers from your near-prime customers but works very poorly […]
July 03, 2023
Indian cash-back and rewards app Abound has raised $10 million from the Times Group to expand its remittance offering. The app — owned by the Times of India and formerly known as Times Club — is designed especially for Indian expatriates living in the U.S. “With Abound, our aim is to simplify the process of […]
March 06, 2023
British lender Abound has raised $600 million to tap into increased interest in open banking. The funding, reported Monday (March 6) by TechCrunch, will help the company finance loans, draw...
November 03, 2021
Wholesale marketplace Abound raised $36.7 million in a Series B funding round led by D. E. Shaw group, with additional support from PointState Capital, Left Lane Capital, RiverPark Ventures and...
February 19, 2021
Wholesale marketplace Abound landed $22.9 million in a Left Lane Capital-led Series A financing round, with further support from Red Antler, All Iron Ventures and RiverPark Ventures, according to a...
