Lendable operates an online lending platform that provides unsecured personal loans using advanced data analytics and automated underwriting. The platform focuses on speed, transparency, and fair pricing, offering borrowers flexible repayment terms and quick approvals.
The company is authorised and regulated by the UK Financial Conduct Authority (FCA) and primarily serves consumers seeking simple, digital-first lending solutions.
What Is Lendable and What Does It Do?
Lendable, founded in 2014, is a London-based alternative lending company that operates a digital platform for personal loans. Borrowers can apply online by submitting personal and financial information, after which Lendable’s technology assesses eligibility and creditworthiness.
The platform connects approved borrowers with funding sources and transfers funds directly to bank accounts. Lendable employs between 51-200 people as of July 2024 and focuses on scalable consumer credit solutions.
How Much Funding Has Lendable Raised?
1. Seed Round
- Amount Raised: £2.5M
- Date: December 2014
- Motivation: To launch the lending platform and build the initial underwriting system.
2. Series A
- Amount Raised: $6.5M
- Date: October 2017
- Motivation: To scale operations and expand consumer loan offerings.
3. Grant
- Amount Raised: $450K
- Date: August 2018
- Lead Investors: FMO
- Motivation: To support responsible lending initiatives and platform development.
4. Series B
- Amount Raised: $276M
- Date: March 2022
- Lead Investors: Ontario Teachers’ Pension Plan
- Motivation: To accelerate growth, expand lending capacity, and strengthen balance sheet resilience.
Total Funding Raised: $293 Million
Current Valuation: $4.6 Billion (as of Mar 2022)
Latest Funding Date: March, 2022
Key Investors
1. Ontario Teachers’ Pension Plan
- Details: One of the world’s largest institutional investors managing retirement assets for educators.
- Investment Focus Areas: Infrastructure, private equity, financial services.
- Notable Investments: Lendable, SpaceX, Epic Games, Ancestry.
2. Goldman Sachs
- Details: A global investment bank and financial services firm supporting growth-stage companies.
- Investment Focus Areas: Financial services, technology, capital markets.
- Notable Investments: Lendable, Uber, Spotify, Stripe.
3. FMO
- Details: The Dutch entrepreneurial development bank supporting sustainable private-sector growth.
- Investment Focus Areas: Financial institutions, renewable energy, inclusive finance.
- Notable Investments: Lendable, various emerging-market fintech platforms.
Where Is Lendable’s Headquarters?
Lendable is headquartered in London, United Kingdom, positioning the company at the center of Europe’s fintech ecosystem and regulatory infrastructure.
What’s Next for Lendable?
Lendable is expected to continue scaling its consumer lending portfolio while investing in automation, risk modeling, and responsible credit frameworks. Future priorities include expanding loan products, improving capital efficiency, and navigating evolving regulatory standards in digital lending.
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