Fintern operates a consumer lending platform launched in March 2021 that aims to replace legacy credit‑scoring methods and expand access to affordable credit for underserved borrowers. The company processes loan applications and reports having handled more than 50,000 applications to date. It targets people in the UK who face high borrowing costs under traditional scoring systems, citing over 15 million affected consumers. Fintern also provides its credit technology to partners and plans to launch B2B partnerships. The startup intends to use new funding to grow its UK presence and build its team. Its stated mission is to deliver materially improved outcomes for consumers through its platform. Fintern operates an AI-driven consumer lending platform that evaluates an applicant's total financial situation—income, outgoings, current repayments, and repayment history—rather than relying solely on credit scores. It offers personal loans from £500 to £5,000 with terms up to three years and a variable APR of 18.8%. The company publicly launched last month and says it can increase approval rates and lower APRs to broaden access to affordable credit. Fintern aims to provide £1 billion in consumer loans by 2025. The business was co-founded in 2020 by Gerald Chappell (formerly at KPMG, Ernst & Young, and McKinsey) and Dr. Michelle He (formerly at Ernst & Young). The company recently secured financing to accelerate growth, combining equity and debt to support its lending expansion.

Total raised

$55M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2022