What is Lendable?
Founded in 2014 and headquartered in the United Kingdom, Lendable operates a technology-driven platform designed to streamline the consumer loan application process. By leveraging automation for credit decisions, the company provides borrowers with instant, personalized interest rates. Lendable's core mission is to enhance accessibility and efficiency in consumer finance by directly matching individuals seeking loans with investors looking for opportunities.
How much funding has Lendable raised?
Lendable has raised a total of $578.8M across 3 funding rounds:
Angel/Seed
$3.9M
Debt
$300M
Unspecified
$274.9M
Angel/Seed (2014): $3.9M with participation from Passion Capital
Debt (2017): $300M led by Castle Trust Capital
Unspecified (2022): $274.9M supported by Ontario Teachers Pension Plan
Key Investors in Lendable
Ontario Teachers Pension Plan
The Ontario Teachers' Pension Plan is a major Canadian pension fund manager that invests globally across various asset classes, likely seeking stable, long-term returns. Their participation suggests confidence in Lendable's business model and growth potential.
Castle Trust Capital
Castle Trust Bank, a UK-based financial service provider, offers a range of products including savings and consumer lending. Their involvement as a debt provider indicates a strategic partnership focused on bolstering Lendable's lending capacity.
Passion Capital
Passion Capital is a European venture capital firm specializing in early-stage technology companies, particularly in FinTech. Their investment in Lendable highlights their focus on innovative financial technology solutions and founders with strong visions.
What's next for Lendable?
The substantial enterprise-level funding Lendable has attracted indicates a strong market appetite for its innovative approach to consumer lending. This capital infusion is expected to fuel further technological development, expand its investor network, and potentially broaden its geographical reach. The company's focus on automating credit decisions and offering instant rates positions it for continued growth in the competitive FinTech landscape.
See full Lendable company page
