Lendable

Last updated
Lendable
Company type Private
Industry Financial technology
Founded2014;11 years ago (2014)
Founders
    • Martin Kissinger
    • Victoria van Lennep
    • Paul Pamment
    • Jakob Schwarz
Headquarters London, England, United Kingdom
Area served
 United Kingdom
United States
Key people
Martin Kissinger (CEO)
Products Personal loans, credit cards, and car finance
Website lendable.com

Lendable is a British financial technology company headquartered in London. [1] [2] [3]

Contents

History

Lendable was founded in 2014 by Martin Kissinger, Victoria van Lennep, Paul Pamment, and Jakob Schwarz. [4] [5] [6] It received £2.5 million in seed financing from a group of angel investors, including Passion Capital. [7] [8] Lendable was conceived as a lending platform that raised capital from institutional investors and undercut traditional banks on speed and cost by automating credit decisions and the borrowing process. [5] [7] The company turned profitable in 2017. [9]

By 2016, Lendable had become one of the UK's largest unsecured consumer-lending platforms by volume. [5]

In March 2017, Lendable raised £100 million from Waterfall Asset Management. [3] [10] A year later, it secured a £200 million funding commitment from Goldman Sachs for platform-originated loans. [2] [11]

In 2019, Lendable was listed as one of the fastest-growing UK companies on the The Sunday Times Tech Track 100 and Deloitte Fast 50 lists, and again in 2020. [12] [13] [14] In early 2021, following a secondary share sale, Lendable became a unicorn and was valued at above £1 billion. [15] [16] In March 2022, the Ontario Teachers' Pension Plan Board, through its Teachers’ Innovation Platform, led a £210 million funding round that set Lendable’s valuation at about £3.5 billion. [9] [17]

Lendable also operates Zable, a credit card, and Autolend, a car finance product launched in 2021. That same year, Lendable expanded to the United States, offering personal loans and credit cards under the Zable brand. [18] [19] [20]

In July 2025, the Post Office resumed offering personal loans in the UK as an online-only service in a joint initiative with Lendable on its platform. [21]

Platform

Lendable operates an online lending platform that uses artificial intelligence (AI) to automate credit decisions. [22] [16] [23] Its business model is a two-sided marketplace, connecting borrowers with institutional investors, such as hedge funds and pension funds, rather than relying on its own balance sheet. [24]

In the UK, Lendable provides loans with a repayment period of one to five years. It uses the UK open banking system to approve loans and, once approved, disburses funds immediately. [25] It is the loans provider behind Asda Money. [26]

References

  1. ↑ Octave, Patrick Van Campenhout & Benoît (May 26, 2025). "Lunch with… la brillante Victoria van Lennep, qui a participé au lancement d'une start-up à succès". La Libre .
  2. 1 2 Hammond, George (July 15, 2019). "Goldman Sachs backs London personal loan start-up Lendable". Financial Times .
  3. ↑ "In the press: our Alumna Victoria Van Lennep, co-founder of Lendable, "the next generation lending platform"". September 26, 2017.
  4. 1 2 3 "Lendable: the next generation lending platform that can give borrowers a small loan within two hours". The Independent .
  5. ↑ Simister, George (March 10, 2022). "AI loan startup Lendable raises £210m at £3.5bn valuation". UKTN.
  6. 1 2 Woodford, Isabel (November 23, 2020). "Inside one of Europe's most profitable — and secretive — fintechs". Sifted.
  7. ↑ O'Hear, Steve (December 17, 2014). "Lendable Raises £2.5M As P2P Lending Market Shows No Signs Of Cooling". TechCrunch .
  8. 1 2 Agnew, Harriet (March 10, 2022). "Canada pension fund leads £210mn fundraising in UK's Lendable". Financial Times .
  9. ↑ Williams-Grut, Oscar. "A New York investment group is putting £100 million into UK marketplace lending startup Lendable". Business Insider .
  10. ↑ Bintcliffe, Jordan (July 16, 2019). "Goldman Sachs strikes £200m deal with Lendable".
  11. ↑ "League table". Tech Track 100 . Archived from the original on 2020-11-27. Retrieved 2025-05-26.
  12. ↑ Lloyd, Michael (September 7, 2020). "Lending Works and Lendable named in Tech Track 100".
  13. ↑ "Deloitte Fast 50" (PDF).
  14. ↑ Woodford, Isabel (March 29, 2021). "London fintech Lendable becomes Europe's latest unicorn". Sifted.
  15. 1 2 Burroughs, Callum. "Goldman Sachs-backed loans startup Lendable is in discussions to raise new funding above a $4 billion valuation". Business Insider .
  16. ↑ Conchie, Charlie (March 10, 2022). "London-based Lendable tops £3.5bn valuation after fresh funding round". City A.M.
  17. ↑ Shoffman, Marc (July 6, 2021). "Lendable partners with car finance broker for hire purchase product".
  18. ↑ "NewRegister".
  19. ↑ Myles, Patrick (July 7, 2022). "Reflections on my first year at Lendable".
  20. ↑ Rodger, James (26 July 2025). "Post Office brings back big service after axing it in all branches". Birmingham Mail.
  21. ↑ Paul, Megha (March 10, 2022). "Meet Lendable, the London platform shaping future of consumer finance in the UK with £210 million".
  22. ↑ Davies, Robert Watts | Matilda (May 17, 2024). "40 richest people under 40 in the UK". The Times .{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  23. ↑ Nonninger, Lea (July 17, 2019). "Goldman Sachs is fueling Lendable's platform with $249 million (GS)". Business Insider .
  24. ↑ "Lendable implements variable recurring payments with TrueLayer". 28 November 2023.
  25. ↑ "Asda Money - Lendable".
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