Lendable
British financial technology company
From Wikipedia, the free encyclopedia
Lendable is a British financial technology company headquartered in London.[1][2][3]
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- Martin Kissinger
- Victoria van Lennep
- Paul Pamment
- Jakob Schwarz
| |
| 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 |
History
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]
Platform
Lendable operates an online lending platform that uses artificial intelligence (AI) to automate credit decisions.[22][16][23] 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.[24]
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.[25] It is the loans provider behind Asda Money and the Post Office.[26][27]