The round was led by Ontario Teachers’ Pension Plan and values Lendable at £3.5bn.
Lendable was founded in 2014 on the belief that getting a loan shouldn’t be a complicated or lengthy process in the digital age.
The team built a platform that harnesses technology and data in order to make personal finance hassle-free and customer-friendly. There’s no need to fill in lengthy forms, deal with paper-based applications, wait days for a decision by the lender, queue in a branch, or get stuck in hold loops on overburdened customer service hotlines.