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Lendable
Company type
Private
IndustryFinancial technology
Founded2014; 12 years ago (2014)
Founders
    • Martin Kissinger
    • Victoria van Lennep
    • Paul Pamment
    • Jakob Schwarz
HeadquartersLondon, England, United Kingdom
Area served
United Kingdom
United States
Mexico
Key people
Martin Kissinger (CEO)
ProductsPersonal loans, credit cards, and car finance
RevenueIncrease £446 million[1] (2025)
Increase £114 million[1] (2025)
Websitelendable.com

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

History

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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.[1]

In March 2017, Lendable raised £100 million from Waterfall Asset Management.[3][9] A year later, it secured a £200 million funding commitment from Goldman Sachs for platform-originated loans.[10][11]

In 2019, Lendable was listed as one of the fastest-growing UK companies on 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.[17][18] Balderton Capital also participated in the funding round.[1]

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.[19][20][21]

By 2025, Lendable had become one of the largest consumer finance providers in the UK.[1] According to Experian data, it was the UK's biggest issuer of personal loans by volume, and second-largest issuer of credit cards in 2025.[1] In October 2025, Lendable announced its partnership with Gigs to launch Zable Mobile, making it the first mobile plan by a fintech in Britain.[22] In 2026, Lendable expanded its operations to Mexico.[1]

Platform

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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: Lendable originates and services the loans on behalf of institutional investors, such as hedge funds and pension funds, rather than relying on its own balance sheet.[25] Investors receive the interest payments while Lendable charges a fee to use the platform.[1]

In the UK, Lendable provides loans up to £35,000 over a term of up to eight years to prime and near-prime users.[1] 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 and the Post Office.[27][28]

References

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  1. ^ a b c d e f g h i Al-Khalaf, Laith (10 May 2026). "Goldman-backed Lendable plots US expansion after outpacing banks on loans". Financial Times.
  2. ^ 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.
  3. ^ "In the press: our Alumna Victoria Van Lennep, co-founder of Lendable, "the next generation lending platform"". September 26, 2017.
  4. ^ a b "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. ^ a b 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. ^ Williams-Grut, Oscar. "A New York investment group is putting £100 million into UK marketplace lending startup Lendable". Business Insider.
  9. ^ Hammond, George (July 15, 2019). "Goldman Sachs backs London personal loan start-up Lendable". Financial Times.
  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). deloitte.co.uk. Retrieved 2026-05-18.
  14. ^ Woodford, Isabel (March 29, 2021). "London fintech Lendable becomes Europe's latest unicorn". Sifted.
  15. ^ a b Burroughs, Callum. "Goldman Sachs-backed loans startup Lendable is in discussions to raise new funding above a $4 billion valuation". Business Insider.
  16. ^ Agnew, Harriet (March 10, 2022). "Canada pension fund leads £210mn fundraising in UK's Lendable". Financial Times.
  17. ^ Conchie, Charlie (March 10, 2022). "London-based Lendable tops £3.5bn valuation after fresh funding round". City A.M.
  18. ^ Shoffman, Marc (July 6, 2021). "Lendable partners with car finance broker for hire purchase product".
  19. ^ "NewRegister".
  20. ^ Myles, Patrick (July 7, 2022). "Reflections on my first year at Lendable".
  21. ^ Hinton, Lauren (2025-10-14). "Lendable Launches Zable Mobile: The UK's First Mobile Plan by a Fintech". Fintech Finance. Retrieved 2025-10-16.
  22. ^ Paul, Megha (March 10, 2022). "Meet Lendable, the London platform shaping future of consumer finance in the UK with £210 million".
  23. ^ 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)
  24. ^ Nonninger, Lea (July 17, 2019). "Goldman Sachs is fueling Lendable's platform with $249 million (GS)". Business Insider.
  25. ^ "Lendable implements variable recurring payments with TrueLayer". 28 November 2023.
  26. ^ "Asda Money - Lendable".
  27. ^ Rodger, James (26 July 2025). "Post Office brings back big service after axing it in all branches". Birmingham Mail.
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