Artificial Intelligence | Machine Learning Fintern | Affordable Loans


Consumer, Application Software, Financial Services, Banking, Consumer Lending, Personal Finance London, England, United Kingdom

Fintern

Artificial Intelligence | Machine Learning


Fintern | Affordable Loans

Fintern

Application Software, Financial Services, Banking, Consumer Lending, Personal Finance


London, England, 67

Fintern is building a radically different approach to consumer lending. Fintern is a UK consumer lender which aims to expand access to low-cost personal credit by using the UK’s new Open Banking standard to analyze consumers’ historical bank statement data. Open Banking data allows us to build a granular view of customers’ financial circumstances, properly understand their affordability, and place less reliance on credit reference agency scores.

Fintern allows you to qualify for low-cost loans, and for us to help you define an affordable and sustainable repayment plan. Our loans are based on how much you can afford to repay every month. We show you the range of repayments you could afford, based on our analysis of your transaction data. We also show you how much your total borrowing costs will reduce if you increase monthly payments and repay faster. Small increases in repayments can massively reduce your total costs. The actual repayment amount is always your choice, and you can change the amount at any time (fees and conditions apply).

 

B2C

1 to 25

Seed

£32 M

Scaling Up

2020

 
 

Financial Services
Consumer Finance
Banking
Application Software

Low Fintern Charges
Lower Borrowing Cost

Reduce Operational Cost
Increase Efficiency

 
 

Finance
Service

Yes

Active

 
 

   Machine Learning


Digital Lending Services

Digital Lending Services


N/A

 

   Software


N/A


Machine Learning Algorithm

Machine Learning Algorithm

 
 

Oct 2021

  • Small Biz Insider
 
 

2

3

$219.1M

Company was founded 2020 and it took almost 1 year (Apr 2021) to raise first external round

 
 

Date

Round

$ Raised

Investors

03/07/2023

Series A

$602M

GSR Ventures, Hambro Perks Ltd., K3 Ventures

Date : 03/07/2023

Round: Series A

$ Raised: $602M

Investors: GSR Ventures, Hambro Perks Ltd., K3 Ventures

02/09/2022

Funded

$10.8M

Hambro Perks, Varengold Bank

Date : 02/09/2022

Round: Funded

$ Raised: $10.8M

Investors: Hambro Perks, Varengold Bank

04/16/2021

Seed

$44.5M

Varengold Bank

Date : 04/16/2021

Round: Seed

$ Raised: $44.5M

Investors: Varengold Bank

 

Investors

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Gerald Chappell


Gerald Chappell
CEO and Co-Founder

Michelle He


Michelle He
Co-Founder and COO

Mark London


Mark London
Chief Risk Officer (CRO)

Alan Cathcart


Alan Cathcart
Chief Compliance Officer and MLRO

 
 

Potential Customers

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