About Abound
Abound is a company based in London (United Kingdom) founded in 2020 by Michelle He and Gerald Chappell. It operates as a FinTech. Abound has raised $1.6 billion across 7 funding rounds from investors including Citi, Deutsche Bank and Salica Investments. The company has 109 employees as of February 29, 2024. Abound has completed 1 acquisition, including Ahauz. Abound offers products and services including Personal Loans. Abound operates in a competitive market with competitors including M Kopa, Creditspring, Zopa, Plend and International Personal Finance, among others.
- Headquarter London, United Kingdom
- Employees 109 as on 29 Feb, 2024
- Founders Michelle He, Gerald Chappell
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fintern Limited
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Products & Services of Abound
Abound offers a comprehensive portfolio of products and services, including Personal Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal loans are offered for various financial needs.
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Funding Insights of Abound
Abound has successfully raised a total of $1.6B across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $322.62 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $322.6M
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First Round
First Round
(16 Dec 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2025 | Amount | Debt – Conventional - Abound | Valuation |
investors |
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| May, 2024 | Amount | Debt – Conventional - Abound | Valuation |
investors |
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| May, 2024 | Amount | Series B - Abound | Valuation | GSR Ventures , Salica Investments |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abound
Abound has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Deutsche Bank and Salica Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups are invested in by GSR Ventures.
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Founded Year | Domain | Location | |
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Investment services in finance, healthcare, sustainability, and productivity sectors.
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Founded Year | Domain | Location | |
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Investments are made by K3 Ventures in early-stage technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abound
Abound has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ahauz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Lead generation platform for mortgage loans
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Abound
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abound Comparisons
Competitors of Abound
Abound operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as M Kopa, Creditspring, Zopa, Plend and International Personal Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Affordable solar power is provided to households in Kenya.
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| domain | founded_year | HQ Location |
A personal loans platform
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| domain | founded_year | HQ Location |
Internet-first banking and loans are provided to consumers via app.
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| domain | founded_year | HQ Location |
Consumer financing is facilitated via an online lending platform.
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| domain | founded_year | HQ Location |
Consumer loans and offline home credits are provided to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abound
Frequently Asked Questions about Abound
When was Abound founded?
Abound was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Abound located?
Abound is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Abound?
Gerald Chappell is the current CEO of Abound. They have also founded this company.
Is Abound a funded company?
Abound is a funded company, having raised a total of $1.6B across 7 funding rounds to date.
How many employees does Abound have?
As of Feb 29, 2024, the latest employee count at Abound is 109.
What does Abound do?
Personal loans are offered by Abound to assist customers with financial needs such as debt consolidation or major purchases. The company operates in the consumer finance sector, focusing on accessible and affordable lending solutions. A full financial picture is considered during the application process, beyond just credit scores. Flexible repayment options and fast processing times are provided to ensure customer convenience.
Who are the top competitors of Abound?
Abound's top competitors include M Kopa, Creditspring and Zopa.
What products or services does Abound offer?
Abound offers Personal Loans.
How many acquisitions has Abound made?
Abound has made 1 acquisition, including Ahauz.
Who are Abound's investors?
Abound has 6 investors. Key investors include Citi, Deutsche Bank, Salica Investments, GSR Ventures, and K3 Ventures.
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