Fintern raises funds for UK consumer lending play

The equity funding comes from a host of unnamed angels, including several fintech founders, while debt financing will be provided by Hamburg-based Varengold Bank. Founded by a team from McKinsey, EY, Bank of America Merrill Lynch, HSBC and XiaoMi, Fintern skips traditional credit scoring techniques by applying AI, Open Banking and transparent affordability testing to make lending decisions.
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