Lendable

Lendable
TypePrivate
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 peopleMartin Kissinger (CEO)
ProductsPersonal loans, credit cards, and car finance
RevenueIncrease £446 million (2025)
Increase £114 million (2025)
Websitelendable.com

Lendable is a British financial technology company headquartered in London.

History

Lendable was founded in 2014 by Martin Kissinger, Victoria van Lennep, Paul Pamment, and Jakob Schwarz. It received £2.5 million in seed financing from a group of angel investors, including Passion Capital. 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. The company turned profitable in 2017.

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

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. In early 2021, following a secondary share sale, Lendable became a unicorn and was valued at above £1 billion. 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. Balderton Capital also participated in the funding round.

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.

By 2025, Lendable had become one of the largest consumer finance providers in the UK. 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. In October 2025, Lendable announced its partnership with Gigs to launch Zable Mobile, making it the first mobile plan by a fintech in Britain. In 2026, Lendable expanded its operations to Mexico.

Platform

Lendable operates an online lending platform that uses artificial intelligence (AI) to automate credit decisions. 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. Investors receive the interest payments while Lendable charges a fee to use the platform.

In the UK, Lendable provides loans up to £35,000 over a term of up to eight years to prime and near-prime users. It uses the UK open banking system to approve loans and, once approved, disburses funds immediately. It is the loans provider behind Asda Money and the Post Office.

References

  1. 1 2 3 4 5 6 7 8 9 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. 1 2 "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. ↑ 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. 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. ↑ 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.