Lendtable

Cash advances to benefit from 401(k) matches

Lendtable logo
21-100 employees
  • Fintech
  • B2C
  • Personal finance
  • Lending
  • Financial Services
  • Social Impact
SoMa, San Francisco, CA

Jump to section

Company mission

Lendtable's mission is to democratize retirement planning and wealth-building, so everyone — regardless of race, gender, and socioeconomic status — can retire.

Our take

401(k) matching programs, i.e. employers matching their employees’ retirement fund contributions, are both a fantastic way to attract and keep talent, and an effective way of planning for the future. However, the system unsurprisingly favors the wealthy, who are more readily able to make larger cash contributions.

Lendtable is aiming to tackle this by offering cash advances (not loans) which employees use to full value out of their 401(k) matching plans, retirement annuity (403[b]) as well as employee stock purchase plan (ESPP). In return, the company charges a monthly subscription and a percentage of profit.

Given that around one quarter of American employees are not taking advantage, or are unable to take advantage, of their 401(k), Lendtable has considerable growth potential.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Lunch and dinner (and snacks galore!)
  • Commuter stipend
  • Medical, dental, and vision coverage
  • 401(k) program
  • Paid time off
  • Company tech, merch, and office space
  • Mental health and wellness perks

Funding (last 2 of 5 rounds)

Nov 2021

$18m

SERIES A

Apr 2021

$1m

SEED

Total funding: $23.2m

This company has top investors

Leadership

Mitchell Jones

(Co-founder)

Forbes 30 under 30. Worked in investment banking for Goldman Sachs before joining Dropbox, then Meta, as a Product Manager. Founded and was CEO of Fintech startup Parable, which served as a prelude to Lendtable.

Sheridan Clayborne

(Co-founder)

Forbes 30 under 30. Former Dropbox Machine Learning Product Manager. Founded and was CEO of social media following enhancer FollowerStack, as well as tattoo booking platform Slate Tattoo.