Lendable, a London, UK-based automated loans company, raised £210 million in its latest funding round, giving it a fresh valuation of £3.5 billion.
Ontario Teachers’ Pension Plan Board led the funding round through its Teachers’ Innovation Platform (TIP).
The company will use the fresh capital to develop new products and drive international growth.
Company: Lendable Ltd.
Raised: £210.0M
Round: Unknown
Funding Month: March 2022
Lead Investors: Ontario Teachers’ Pension Plan Board
Additional Investors:
Company Website: https://www.lendable.co.uk/
Software Category: AI-powered Consumer Finance Platform / Lending Platform
About the Company: Founded in 2014 by Victoria van Lennep, Martin Kissinger, Jakob Schwarz, and Paul Pamment, Lendable is a lending platform that makes borrowing money effortless that gives loans out within hours. It uses AI and automation to improve underwriting and claims to give customers better rates. It also connects global institutional investors to borrowers across financial products. Lendable’s seamless, quick, and easy-to-use products, powered by advanced AI, are shaping the future of consumer finance.
Source: https://www.uktech.news/ai/lendable-raises-210m-20220310