Lendable

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. 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 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.