Startups
Our mission is to massively increase access to low-cost, fair and flexible loans in the UK. While traditional lenders base their decisions solely on your credit score, we take a look at each person’s unique financial situation. To do this we look at your incomings, outgoings, and, sometimes, if relevant, certain parts of your credit history.
By taking a more holistic look, we can open up affordable loans to millions of people who were previously only able to get loans from high-cost and payday lenders at outrageously high-interest rates.
At Fintern, we commit to:
- Never charging interest rates or APRs for personal loans higher than the maximum rates offered by the big 4 UK banks
- To use affordability analysis as our primary basis for decisions
- Not to exclude people solely because of limited or poor credit history
By doing this, we will:
- Significantly increase the number of people in the UK who can get access to low-cost, fair and flexible lending
- Help all our borrowers to understand how to minimise their total cost of borrowing, and be debt free faster
Come visit us at https://fintern.ai for further details. Let’s reinvent personal loans together!
Representative Loan Example: £2,000 loan repayable over 36 months. 36 monthly payments of £71.66. Rate of interest 18.8% p.a. (variable). Representative 18.8% APR (variable). Total amount repayable £2,579.56.
By taking a more holistic look, we can open up affordable loans to millions of people who were previously only able to get loans from high-cost and payday lenders at outrageously high-interest rates.
At Fintern, we commit to:
- Never charging interest rates or APRs for personal loans higher than the maximum rates offered by the big 4 UK banks
- To use affordability analysis as our primary basis for decisions
- Not to exclude people solely because of limited or poor credit history
By doing this, we will:
- Significantly increase the number of people in the UK who can get access to low-cost, fair and flexible lending
- Help all our borrowers to understand how to minimise their total cost of borrowing, and be debt free faster
Come visit us at https://fintern.ai for further details. Let’s reinvent personal loans together!
Representative Loan Example: £2,000 loan repayable over 36 months. 36 monthly payments of £71.66. Rate of interest 18.8% p.a. (variable). Representative 18.8% APR (variable). Total amount repayable £2,579.56.
Overview
Location
United Kingdom, England, London
Employees
11-50
Phone
+44 20 3443 8881
Total raised
$98.85M
Founded date
2020
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Apr 15, 2021 | Funding round | $44.57M |
Mentions in press and media 13
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Feb 9, 2022 | London-based Fintern picks up €47.5 million to power fair finance | Founded in 2020, Fintern is a fast-growing UK-based credit technology platform. The fintech has just secured an additional €9.5 million, bringing the company’s total capital raised to €47.5 million. The funding was led by Hambro Perks, with... |
| Feb 9, 2022 | Open banking consumer lender Fintern raises £8m for UK expansion | London-based fintech startup Fintern has raised £8m in a Series A funding round led by international investment firm Hambro Perks. The latest capital injection brings Fintern’s total funding to £40m. Fintern plans to use the fresh funds to ... |
| Feb 9, 2022 | Fintern ramps up £8 million to facilitate access to affordable credit in the U.K. | UK credit technology platform Fintern has raised £8 million in its latest funding round. The investment brings the company’s total capital raised to £40 million. The round was led by Hambro Perks, an international investment firm focused on... |
| Feb 9, 2022 | Credit technology startup Fintern raises £8 million | Fintern, a UK startup aiming to shake up the market for low-value consumers loans with technology that bypasses credit scores in making lending decisions, has secured £8 million of capital in its latest funding round. The investment, which ... |
| Apr 19, 2021 | Lending start-up Fintern raises £32m in equity and debt funding | London-based start-up Fintern has raised £32 million in equity and debt funding from Varengold Bank and a collection of angel investors. The round is Fintern’s first since launching last year The new round provides Fintern with the capital ... |
| Apr 15, 2021 | London-based fintech Fintern raises £32 million in equity and debt financing | London’s consumer loans provider Fintern has raised £32 million in equity and debt financing from a variety of undisclosed angel investors. Debt financing will be provided by Hamburg-based financier Varengold Bank. This round of funding com... |
| Apr 15, 2021 | Varengold Bank : Fintern raises £32m to expand access to affordable loans in the UK | On the back of their public launch in March, London-based startup Fintern has announced that it has raised £32m in equity and debt funding. The equity funding comes from a variety of angels, including several fintech founders and business l... |
| Apr 15, 2021 | VARENGOLD BANK AG Varengold Bank : Fintern raises £32m to expand access to affordable loans in the UK | On the back of their public launch in March, London-based startup Fintern has announced that it has raised £32m in equity and debt funding. The equity funding comes from a variety of angels, including several fintech founders and business l... |
| Mar 8, 2021 | Fintech Startup Fintern Takes On The Banks With Data-Driven Loans | Gerald Chappell and Michelle He have spent much of the last decade advising leading banks on how to digitalise their operations. Now the duo, formerly of McKinsey and EY respectively, have struck out on their own with Fintern, a financial t... |
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FAQ about Fintern
When was Fintern founded?
Fintern was founded in 2020.
How much funding has Fintern raised?
Fintern has raised $98.85M in total across 2 funding rounds.
What funding rounds has Fintern raised?
Parsers VC lists 2 funding rounds of Fintern, among them a funding round of $44.57M on Apr 15, 2021.
What has the press written about Fintern?
Parsers VC has collected 13 articles mentioning Fintern, among them “London-based Fintern picks up €47.5 million to power fair finance” (Feb 9, 2022) and “Open banking consumer lender Fintern raises £8m for UK expansion” (Feb 9, 2022).
Is Fintern still active?
Yes, Fintern is active; its latest activity on Parsers VC dates from Feb 9, 2022.