Latest news with #Abound
Finextra
07-07-2025
- Business
- Finextra
Abound posts revenue and property growth
AI-powered lending technology platform Abound has more than doubled revenue in a year and delivered a twenty-five-fold increase in profit. 0 The results represent another year of rapid growth for the company, as it continues to scale its Open Banking and AI-enabled credit offering, cementing its position as one of the UK's fastest growing fintechs. This impressive growth is a result of both its direct lending business and its B2B offering, which is now being used by clients ranging from high street banks to other fast-growing fintechs. For the financial year ending February 2025, Abound recorded £66.8 million in revenue, up from £26.6 million the year prior — a 151% increase. Net Profit surged to £7.5 million, a twenty-five-fold increase from £0.3 million the previous year. The announcement follows a string of recent milestones, including: • Being ranked #11 in the Sifted 100: UK & Ireland Leaderboard, which recognises the two countries' fastest-growing startups by revenue growth • Raising a new £250m lending facility from Deutsche Bank • Being selected to join the Tech Nation Future Fifty growth programme, with Abound's founders meeting the Prime Minister at 10 Downing Street Abound's co-founder and CEO, Gerald Chappell, said: 'Abound became profitable after just three years — unusually early for a UK fintech. 'This continued growth shows that our technological shake-up of the lending sector is not only commercially viable, but scalable. 'Rapid growth and sustainable profitability are a rare combination in fintech.' Co-founder and COO, Dr Michelle He, added: 'With structurally higher interest rates and sluggish economic growth, the era of rapidly growing tech firms without a clear path to profit is ending. 'Established, profitable sectors like lending and insurance are now ripe for disruption with technology that drives real productivity and efficiency. 'That's our focus, and it's the right strategy.' The business has secured £1.6bn in debt funding from the likes of Citi, Deutsche Bank and Waterfall Asset Management.
Time of India
26-06-2025
- General
- Time of India
Times U.S. Privacy Policy
Introduction Times Internet Limited ("Times" or "We" or 'Us' or 'Our') respects your privacy and is committed to protecting it through Our compliance with this Privacy Policy. This Privacy Policy describes: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo The types of information We may collect or that you may provide when you download and register with, access or use, or transact with the Times website or associated mobile applications, any associated content, material, or functionality contained on the Times website or associated mobile applications, all interactive features, applications, widgets, blogs, social networks and social network pages, and other online or wireless offerings that post a link to this Privacy Policy, whether accessed via computer, mobile device or other technology or any associated content, material, or functionality contained on the Times Application (collectively, the 'Website'). The Website is owned, developed and managed by Times. Our practices for collecting, using, maintaining, processing, accessing, storing, protecting and disclosing that information. Your rights under applicable law, including your rights under the California Consumer Privacy Act (if applicable), and other applicable state privacy laws. This Privacy Policy applies only to personal information that you provide or that We collect via our Website and services available herein (the 'Services'). This Privacy Policy does not apply to information that We collect through websites not under our control, including websites you may access through our Website, or information that you provide to or is collected by any third party. These third parties may have their own privacy policies, which We encourage you to read before providing information on or through them. We do not assume any responsibility or liability for such third parties and their privacy practices nor do we endorse them. You agree and acknowledge that We shall not be liable and will not be held responsible for any losses whatsoever, ever direct, indirect, incidental or consequential, including without limitation any losses due to online fraud. In case of any fraud, you can file a complaint with such third party directly for redressal. If you are a resident of California, Colorado, Connecticut, Delaware, Florida, Iowa, Nebraska, New Hampshire, New Jersey, Montana, Oregon, Texas, Utah, or Virginia, please also see our 'State Privacy Rights' Section of this Privacy Policy. If you sign up for Abound via the use of our Website, We will share your personal data with Abound to facilitate the creation of your account and to integrate your Abound account into our services as appropriate. Abound's privacy policy is available here . Users under the Age of 18 The Website is not intended for users under 18 years of age, and We do not knowingly collect personal information from individuals under 18. We also comply with the Children's Online Privacy Protection Act ('COPPA') and require parental consent for any data collected from users under the age of 13. If We learn that We have collected or received personal information from a user under 18, We will delete that information. Please be aware that We may not be able to fully delete certain user information until the user cancels their subscription through their account. If you believe We might have any information from or about an individual under 18, please contact us at the e-mail address provided to you in Contact Information section. Information We Collect and How We Collect It We may collect information (including personal information) from and about users of the Website directly from you when you provide it to us and/or automatically when you use the Website. We may also collect personal information from you in connection with your sign-up application or if you are one of our users. 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Additionally, we cannot control the actions of third parties with whom you may choose to share your Content. Therefore, we cannot and do not guarantee that your Content will not be viewed by unauthorized persons. In the event that we provide you with social media login capability, in order to register as a user with us, you may be asked to sign in using your Facebook or other social media site ('SMS') login. If you do so, you authorize us to access certain SMS account information, such as your public SMS profile (consistent with your privacy settings in SMS), your email address, interests, likes, gender, birthday, education history, relationship interests, current city, photos, personal description, friend list, and information about and photos of your SMS friends who might be common SMS friends with other users. You will also be asked to allow us to collect your location information from your device when you use the Website. In addition, we may collect and store any personal information you provide while using the Website or in some other manner. This may include identifying information, such as your name, address, email address and telephone number, and, if you transact business with us, financial information. You may also provide us with photos, a personal description and information about your gender and preferences for recommendations, such as search distance, age range and gender. If you chat with other users, you provide us the content of your chats, and if you contact us with a customer service or other inquiry, you provide us with the content of that communication. Automatic Information Collection and Tracking. When you access the Website, technology may be used to automatically collect certain information, including, but not limited to:
Business Wire
24-06-2025
- Business
- Business Wire
The Marriott Vacation Clubs Expands Access for Owners to Thousands of Marriott Hotels
ORLANDO, Fla.--(BUSINESS WIRE)--Today, The Marriott Vacation Clubs ™, a portfolio of vacation ownership brands operated by Marriott Vacations Worldwide (NYSE: VAC), announces an expanded Owner benefit – the ability to use Club Points to directly book stays at thousands of hotels around the globe. This intuitive technology provides our Owners with simplified access to thousands of Marriott hotels across the globe, elevating their vacation planning experience and unlocking new travel opportunities. Through the introduction of a third-party booking platform powered by a leading global travel technology provider, Abound by Marriott Vacations exchange members now gain access to more than 8,000 hotels worldwide, all within the Marriott family of brands – a substantial increase from the previous selection of hotel inventory available to Owners using Club Points. Members of the Abound by Marriott Vacations exchange program will enjoy a streamlined, user-friendly booking process and expanded options, transforming how they utilize their Club Points to explore Marriott's extensive hotel network. Owners can learn more about Abound by Marriott Vacations at Explore Timeshare Benefits | The Marriott Vacation Clubs. "As a company dedicated to creating stress-free vacations and bringing people together, we continually strive to enhance the flexibility and convenience we offer our Owners," said Lori Gustafson, Chief Membership and Commercial Services Officer at Marriott Vacations Worldwide. "This intuitive technology provides our Owners with simplified access to thousands of Marriott hotels across the globe, elevating their vacation planning experience and unlocking new travel opportunities." The Marriott Vacation Clubs Owners can access the hotel booking website through their online Owner portal, opening the door to an expanded range of travel opportunities and further enriching The Marriott Vacation Clubs experience. Owners enrolled in Abound by Marriott Vacations continue to enjoy access to more than 90 U.S. and international properties across the Marriott Vacation Club, Sheraton Vacation Club and Westin Vacation Club brands, as well as unique experiences available for points usage, including cruises, guided and culinary tours, safaris, mountain biking adventures, luxury vacation homes, and more. To learn more about The Marriott Vacation Clubs, visit About The Marriott Vacation Clubs™ The Marriott Vacation Clubs ™ is a part of Marriott Vacations Worldwide Corporation, and is a portfolio of industry leading vacation ownership brands with over 90 properties collectively throughout the U.S., Caribbean, Mexico, Central America, Europe, Asia, and Australia, including the Marriott Vacation Club®, Sheraton® Vacation Club, and Westin® Vacation Club brands. Owners and guests can enjoy year-round access to some of the best vacation destinations with villa-style accommodations. The Marriott Vacation Clubs' point-based vacation ownership programs provide Owners and their families with the flexibility to enjoy high-quality vacation experiences. Follow The Marriott Vacation Clubs on FB/IG: @MarriottVacationClub, @SheratonVacationClub, @WestinVacationClub or TikTok @themarriottvacationclubs. About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit
Miami Herald
02-04-2025
- Business
- Miami Herald
Kroger adds ‘trendy' private label products, looks to launch 900 items
Dive Brief: Kroger announced Monday the addition of several "exciting, trendy items" to its private brands new items include instant mushroom tea, restaurant-style Italian dressing and kettle-style tortilla chips in a Hatch chile noted it is on track to launch more than 900 new items in 2025. Dive Insight: The additions come as other grocers also look to highlight their store brands through flavor innovation and limited-time offerings in a bid to appeal to consumers who continue to worry about grocery prices. Kroger said that its new "unique" private brand items tie into the quality and affordability of the grocer's store brand offerings. The products also build on Kroger's efforts to expand its private brand assortment, which it sees as a key differentiating factor for customers. "[T]hey offer great flavors at a price point that fits any budget," Mike Murphy, Kroger's group vice president of center store merchandising, said in a statement about the new products. The new items include six Private Selection salad kits with options like cheddar truffle, blueberry, cheddar bacon poblano, sweet onion Gruyere, cherry bacon cheddar and Asian sesame ginger. Private Selection also has new muffins in four flavors: banana bread, blueberry lemon, coffee cake and triple chocolate. Under the Kroger brand, the grocer introduced kettle-style cooked tortilla chips in traditional and Hatch chile varieties and restaurant-style Italian dressing, according to the press release. Following positive feedback from the launch of Simple Truth Organic mushroom instant coffee, Kroger has added two instant mushroom tea blends - black and chai - under that private brand, highlighting mushrooms' "adaptogenic properties and potential to support wellness." During its fourth-quarter earnings call, Kroger executives noted that its private brands portfolio is a "margin enhancer" for the grocer and saw a "strong" quarter with sales outpacing those of national brands, led by growth in Private Selection, Kroger's most premium brand. "Our Brands is an important differentiator for our business, providing Kroger the ability to offer unique and high-quality products at an exceptional value," interim CFO Todd Foley told investors. "We expanded our multiyear Our Brand product portfolio in 2024, resulting in more than 90% of customer households purchasing Our Brands items last year." Kroger's goal to add more than 900 new items in 2025 is on par with its store brand growth last year, which included 370 items in fresh categories. Foley noted that Kroger's proprietary customer insights have fueled its private brand innovation and launches. Last year, Kroger launched a private label produce line called Field & Vine and revamped its pet brand Abound with redesigned packaging and more products. "We look to create destination items that can only be found at Kroger, differentiating ourselves from competitors and national brands," Foley said during the latest earnings call. Copyright 2025 Industry Dive. All rights reserved.
Yahoo
28-03-2025
- Business
- Yahoo
Circle and Near Invest $14M in Remittances App for Indian Diaspora
Remittance app Abound raised $14 million in a seed round following investment from crypto heavyweights Circle Ventures and the Near Foundation. The app aims to be a financial bridge between non-resident Indians (NRIs) and India, and has processed $150 million worth of remittances with about 500,000 monthly active users. Abound is incubated by the digital arm of the Times of India Group, one of the country's largest news agencies. 'Indians in America have a unique financial reality — one that spans two countries, two economies, and two currencies. Yet, the financial services available today weren't designed for their needs,' said Nishkaam Mehta, CEO of Abound, in a statement. The investment will be used to scale the business by hiring in several key roles and enhancing its technology infrastructure, a press release said. Jeremy Fox-Geen, Circle's CFO, added in a statement that stablecoins and digital payment infrastructure are revolutionizing global finance, especially for diaspora communities. Circle is the issuer of USDC, a stablecoin pegged to the U.S. dollar that has a market cap of $59 billion. A 2024 report outlined that the stablecoin sector had settled $10.8 trillion worth of transactions in 2023, of which $2.3 trillion were related to payments and cross-border remittances. Sign in to access your portfolio
