UK fintech raises £800M for AI that determines how much money you can borrow
But the technology could bring merits, at least in the lending world. The London-based startup has just raised 800mn for its lending platform that usesAIto determine loan amounts. Render then calculates the amount of money customers are able to pay back each month. 40% off TNW Conference! Thestartupis also offering its AI credit platform to banks and lenders across Europe. One of the UKs fastest-growing fintechs, Abound reached profitability three years after being founded in 2020....