Fintern is a lending startup looking to offer an AI-driven alternative to costly payday loans. It aims to expand access to low-cost personal credit by using the UK’s new Open Banking standard to analyze consumers’ historical bank statement data. Open Banking data allows us to build a granular view of customers’ financial circumstances, properly understand their affordability, and place less reliance on credit reference agency scores. The company was founded in 2020 and is based in London, United Kingdom.