Fintern is now Abound 🎉. You can read more about this here

About us

Consumer lending is broken. Our mission is to fix it
Over 15 million people in the UK struggle to borrow for unexpected costs.

We are often rejected for loans by high street banks, forced to borrow at ridiculous rates on credit cards, or get ripped off by high-cost lenders. We get trapped in endless debt-cycles. Traditional lenders profits at their customer's expense. They seek to maximise borrowing, and keep people in a debt cycle servicing high interest payments. 1-in-4 people in the UK routinely make only minimum payments on their credit cards, meaning they will take more than 10 years to clear their debts even with no new spending.

There is another way

Fintern was founded to offer low-cost, fair and flexible lending solutions which serves borrowers interests and their long-term financial health.

The UK consumer finance market...

160bn£
Consumer finance loans, excluding mortgages
1 in 4
UK adults can only make minimum repayments on their cards
37%
Feel highly confident in managing their money

...is poorly serving millions of hard workers

Unmet demand from mainstream banks

Simplistic eligibility rules exclude worthy borrowers from affordable personal loans
Customers use unsuitable high-cost products (e.g. revolving cards)

Poor value for money from specialist providers

High and unfair interest rates of 30 – 1000%+ from specialist providers

Debt spirals which benefit from customer failure

Incentives to maximise customer borrowing, keeping them in a debt cycle servicing high-interest payments and charges, causing financial distress

No support for long-term financial health management

Lenders do not help customers to structure debts to minimise interest costs based on affordability and establish a financial health pass

Poor customer experience

Lengthy application processes and manual data inputs creating painful customer journeys

That's why we're here!

  • We put your long-term financial health at the core of everything we do.

  • We apply Artificial Intelligence to smartly analyse your live financial data, which is mostly ignored by other lenders. This 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).

How is Fintern different to the traditional lenders?

Traditional lenders only rely on credit scores which:

Fintern takes a holistic look at your whole financial situation including:

Don't assess your actual income and expenses
Up-to-the-minute financial transactions
Offer no details on nature of spending
All income and expense details
Ignore borrowers' forward looking potential
Full earnings (salary, benefits, transfers, pension, dividends, etc)
Overly penalise historical credit problems
Insights of spending nature (essential vs. controllable)
Exclude people with limited credit history
Ability to lower borrowing cost with a more accurate view of monthly affordability
Are unable to identify savings
Relevant credit information - existing credit commitments, CCJs and repayment patterns