+ Equity
More information about location
3 days a week in office
Fintech Unicorn - Lending Platform
Open for applications
Fintech Unicorn - Lending Platform
201-500 employees
Open for applications
+ Equity
More information about location
3 days a week in office
201-500 employees
To make consumer finance amazing: faster, cheaper and friendlier.
Desirable
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Mar 2022
$276.4m
GROWTH EQUITY VC
Sep 2017
$6.5m
SERIES A
Lendable competes with banks, other lenders, and consumer finance companies to provide loans, credit cards and car financing to consumers. Streamlining the loan application process, the company cuts personalised rates and fund transfers from days to minutes.
Lendable believes it can win in this crowded field due to its market-best customer service and strong financials. Part of its success is due to its funding coming from institutional investors. Lendable originates and services its loans on behalf of institutional investors, but doesn't hold them on its own balance sheet.
Growing insolvencies will worry all lending platforms, but Lendable looks well-placed to weather any credit storm given its substantial debt financing. In 2023, it launched two new products in the US, signifying its growth.
Steph
Company Specialist at Welcome to the Jungle