Fintern is a digital consumer lender on a mission to expand access to low-cost personal finance. Fintern takes a holistic approach by analysing each customer's entire financial situation - incomings, outgoings, current repayments and repayment history - rather than relying solely on a credit score, like many traditional lenders. They do this by leveraging Open Banking and AI to analyse their customers' transaction data. This allows them to serve large swathes of the population who have traditionally only been able to get payday and other high-interest loans.
Fintern was founded in 2020 with a team from McKinsey, EY, Bank of America Merrill Lynch, HSBC and XiaoMi.
Fintern is authorised and regulated by the Financial Conduct Authority, firm reference number 929244, a member of Cifas (the UK's leading anti-fraud association) and registered with the UK Information Commissioner's Office in compliance with the Data Protection Regulations 2018. About Varengold
Varengold Bank is a German financial institution founded in 1995 and granted a full banking licence in 2013. In addition to its head office in Hamburg, the bank has presences in London and Sofia. Core business areas are Marketplace Banking and Commercial Banking. Within Marketplace Banking, the focus is on the cooperation with European FinTechs, especially lending platforms.
Varengold Bank's service portfolio includes Funding, Debt and Equity Capital Markets products, Fronting Services for products subject to banking licence requirements and International Payment Services.
The Board of Managing Directors consists of Dr. Bernhard Fuhrmann and Frank Otten, who –together with an approx. 100-strong international team – continuously help to drive the modernisation of the finance sector.
Varengold Bank is registered with the Federal Financial Supervisory Authority (BaFin) under 109 520 and its shares (ISIN: DE0005479307) have been listed on the Open Market of the Frankfurt Stock Exchange since 2007. For more information, see www.varengold.de 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. Credit is subject to your individual financial circumstances and borrowing history. Failure to keep up with repayments may impact your credit score and therefore your ability to access credit from other lenders in the future.
Press and Media Inquiries Fintern
Sam Power, CMO, phone: +44 7400 122 813, email: email@example.com Varengold Bank AG
Sanja Schultz-Szabo, Head of Corporate Development, phone: +49 66 86 49 0, email: firstname.lastname@example.org