Swiggy Renames Itself in Preparation for IPO Listing

Swiggy, the popular Indian food delivery platform, has recently announced a major rebranding effort as it gears up for its...

In recent years, cybersecurity has become a critical concern for governments and organizations worldwide. The threat of cyber attacks and...

ZK-Rollups have been gaining significant attention in the blockchain space due to their ability to scale Ethereum and other smart...

Government contracts play a crucial role in driving growth for companies in the field of relative dynamics. Relative dynamics, also...

The Reserve Bank of India (RBI) has been actively promoting the wider adoption of a Unified Payments Interface (UPI)-like credit...

The National Commission for Protection of Child Rights (NCPCR) has recently expressed concerns about Know Your Customer (KYC) lapses in...

Stockholm-based startup Serverpod has recently secured €1.7 million in funding to accelerate its app development process by eliminating barriers. The...

Reddit, the popular online platform known for its vast array of communities and discussions, has recently filed for an Initial...

Loora, a leading provider of generative AI English tutoring, has recently announced securing $12 million in Series A funding. The...

Samphire Neuroscience, a London-based company, has recently announced securing €2.1 million in funding to develop and introduce a groundbreaking wearable...

Sui, a leading technology startup, has recently announced its first annual Basecamp event, which promises to be an exciting gathering...

Embea, a Berlin-based insurtech company, has recently announced securing €4 million in funding to develop a groundbreaking pan-European embedded life...

Tiko, a Madrid-based proptech company, has recently made a significant move to strengthen its position in the Spanish real estate...

The Weekly Report on Notable Startup Funding: February 19, 2024 In the fast-paced world of startups, securing funding is often...

Gilmour Space, a promising startup in the launch vehicle industry, has recently made headlines by securing an impressive $36 million...

In today’s fast-paced world, managing our time efficiently has become more important than ever. With numerous tasks, appointments, and deadlines...

Bilbao’s WIVI Vision, a pioneering company in the field of visual health, has recently secured €4 million in funding to...

A Significant Number of Dissatisfied Apple Enthusiasts Opt to Return their Vision Pro Headset Apple’s highly anticipated Vision Pro headset,...

Simplilearn, a leading online learning platform, has been making waves in the education industry with its innovative approach to skill...

Bengaluru, also known as the Silicon Valley of India, is set to host the groundbreaking GenAI Summit, an event that...

The Threat of Social Media on Purpose and Effective Strategies to Address It In today’s digital age, social media has...

In a week filled with massive megadeals, Lambda has emerged as the frontrunner, securing the top spot in the list...

Last week was a record-breaking week for megadeals in the world of funding rounds, with Lambda taking the lead as...

A Comprehensive Overview of European Startup Funding Rounds Tracked from February 12 to February 16 | EU-Startups In the fast-paced...

In the fast-paced world of startups, securing funding is crucial for growth and success. Each week, numerous European startups announce...

Toast, a prominent restaurant software giant, recently announced a reduction in its workforce by 10%. This decision comes as a...

Ixigo, one of India’s leading travel search engines, has been making waves in the market with its impressive financial performance....

In the fast-paced world of decentralized finance (DeFi), new platforms and protocols are constantly emerging, each vying for a piece...

OpenAI’s Reported Development of a Web Search Engine to Challenge Google’s Dominance: A Comparison with Google In recent years, Google...

Abound Secures $601M Investment to Advance Open Banking with AI-Powered Lending

In a major move to advance open banking and AI-powered lending, Abound has secured a $601M investment from a consortium of investors. The investment will be used to expand Abound’s existing open banking platform, which provides access to financial services for individuals and businesses.

Abound’s open banking platform is designed to make it easier for people to access financial services. It allows customers to securely connect their bank accounts, credit cards, and other financial accounts to the platform. This allows customers to view all of their financial information in one place, making it easier to manage their finances. Additionally, Abound’s platform provides customers with access to a variety of financial services, such as loans, investments, and insurance.

The investment will also be used to develop Abound’s AI-powered lending platform. This platform uses artificial intelligence (AI) to analyze customer data and provide tailored loan offers. AI-powered lending can help customers get better loan terms and access to more competitive rates. Additionally, AI-powered lending can help lenders reduce the risk of default by analyzing customer data and providing more accurate loan offers.

The investment will also be used to expand Abound’s operations into new markets. Abound currently operates in the United States, Canada, and the United Kingdom, but the investment will allow the company to expand into other countries. This will give more people access to Abound’s open banking platform and AI-powered lending services.

The investment is a major step forward for Abound and open banking. It will help the company expand its operations and provide more people with access to financial services. Additionally, the AI-powered lending platform will help customers get better loan terms and access to more competitive rates. This is an exciting development for the future of open banking and AI-powered lending.

Ai Powered Web3 Intelligence Across 32 Languages.