 | |
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2014 |
| Founders |
|
| 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 |
Lendable is a British financial technology company headquartered in London. [1] [2] [3]
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 October 2025, Lendable announced its partnership with Gigs to launch Zable Mobile, making it the first mobile plan by a fintech in Britain. [21]
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. [22]
Lendable operates an online lending platform that uses artificial intelligence (AI) to automate credit decisions. [23] [16] [24] 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. [25]
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. [26] It is the loans provider behind Asda Money. [27]
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