Overview
Abound, a London-based ai-powered credit technology company, has acquired Ahauz, a specialist lender in shared equity mortgages, marking its first acquisition. The deal allows Ahauz to leverage Abound's capital and AI-led underwriting to enhance mortgage options for borrowers. Abound aims to expand its homeowner finance products, having recently surpassed £1 billion in lending and reported a significant profit increase. Key investors and metrics include a 25x net profit increase to £7.5 million and revenue growth from £22 million to nearly £67 million.
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Abound, a London-based ai-powered credit technology company, has acquired Ahauz, a specialist lender in shared equity mortgages, marking its first acquisition. The deal allows Ahauz to leverage Abound's capital and AI-led underwriting to enhance mortgage options for borrowers. Abound aims to expand its homeowner finance products, having recently surpassed £1 billion in lending and reported a significant profit increase. Key investors and metrics include a 25x net profit increase to £7.5 million and revenue growth from £22 million to nearly £67 million.