Lendable


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.
By 2016, Lendable had become one of the UK's largest unsecured consumer-lending platforms by volume.
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 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.
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. In October 2025, Lendable announced its partnership with Gigs to launch Zable Mobile, making it the first mobile plan by a fintech in Britain.

Platform

Lendable operates an online lending platform that uses artificial intelligence to automate credit decisions. 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.
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. It is the loans provider behind Asda Money and the Post Office.