Total amount raised
$1.6 Billion
Latest funding date
2022-03-10
Location
Lendable offers fast, fair-rate loans with immediate disbursement and transparent rates, ensuring a secure and friendly experience for borrowers.
Keep reading to explore the intricacies of Lendable's fundraising journey and the investors backing this innovative platform.
What Is Lendable?
Lendable, founded in 2014, is a financial services company based in London. Specializing in personal loans, the company emphasizes simplicity, speed, and transparency in its offerings.
Authorized and regulated by the Financial Conduct Authority (FCA), Lendable is committed to responsible lending and fraud prevention. The company has garnered positive reviews on Trustpilot, reflecting its dedication to customer satisfaction.
How Much Funding Has Lendable Raised?
- Seed Round
- Amount Raised: GBP 2,500,000
- Date: December 2014
- Series A
- Amount Raised: USD 6,500,000
- Date: October 2017
- Debt Financing
- Amount Raised: GBP 300,000,000
- Date: November 2017
- Grant
- Amount Raised: USD 450,000
- Date: August 2018
- Lead Investors: FMO
- Debt Financing
- Amount Raised: GBP 500,000,000
- Date: June 2019
- Lead Investors: Waterfall Asset Management
- Debt Financing
- Amount Raised: GBP 200,000,000
- Date: July 2019
- Lead Investors: Goldman Sachs Growth Equity
- Secondary Market
- Date: March 2019
- Secondary Market
- Amount Raised: GBP 30,000,000
- Date: March 2021
- Series Unknown
- Amount Raised: GBP 210,000,000
- Date: March 2022
- Lead Investors: Ontario Teachers' Pension Plan
Lendable has raised a total of USD 1,048,950,000 across all funding rounds.
Key Investors
- Ontario Teachers' Pension Plan
- Details: Ontario Teachers' Pension Plan is one of Canada's largest institutional investors, managing the retirement funds of Ontario's teachers. It is known for its diversified investment portfolio and long-term investment strategy.
- Investment Focus Areas: Infrastructure, real estate, private equity
- Notable Investments: SpaceX, Epic Games, Ancestry.com
- Goldman Sachs Growth Equity
- Details: Goldman Sachs Growth Equity is a division of Goldman Sachs that focuses on investing in high-growth companies. It provides capital to companies in various stages of growth, from early-stage to pre-IPO.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Uber, Spotify, Dropbox
- Waterfall Asset Management
- Details: Waterfall Asset Management is an investment firm specializing in structured credit and private equity. It manages assets across various sectors, focusing on generating consistent returns for its investors.
- Investment Focus Areas: Structured credit, real estate, private equity
- Notable Investments: Not publicly disclosed
- FMO
- Details: FMO is the Dutch development bank, focusing on private sector investments in developing countries. It aims to support sustainable development through financial inclusion and economic growth.
- Investment Focus Areas: Financial institutions, energy, agribusiness
- Notable Investments: Not publicly disclosed
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Lendable and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
