FinTech Journey Of Success: London-based P2P Lending Platform, Lendable

Lendable is a Financial Technology (FinTech) firm having a peer-to-peer (P2P) lending platform for consumer financing, utilizing automated underwriting and Artificial Intelligence (AI) to make loan approvals much faster. The firm’s goal is to streamline and expedite the loan application procedure.

Company Overview: 

• Lendable was founded in the year 2014.
• Headquartered in London, England, United Kingdom.
• Founders:
  • Jakob Schwarz, as the CPO;
  • Martin Kissinger, as the Chief Executive Officer (CEO);
  • Paul Pamment, as the CTO;
  • Victoria van Lennep;

• Team:
  • Mark Rosel, as the Chief Risk Officer and Head of Credit;
  • Adrian Watson, as the Chief Financial Officer;
  • Ben Challis, as the Chief Architect;
  • Chris Meurice, as the Chief Marketing Officer;
  • Martin G, as the Chief of Staff for Engineering;
  • Sarah Ratner, as the Chief Operating Officer;
  • Livia van Strydonck, as the Head of Product and Special Projects;
  • James White, as the Managing Director (Credit Cards);
• The firm has had ten fundraising rounds, where it raised a total of around 1.6 Billion US Dollars.

Fundraising Rounds and Investors:

• In December 2014, the company had its Seed funding round, which raised around 2.5 Million Pound Sterling (GBP). The investors of this round were:
  • London-based Venture Capital (VC) firm, Passion Capital;
  • Stefan Glaenzer, as an angel investor;
  • Eileen Burbidge, as an angel investor;
  • Robert Dighero, as an angel investor;
  • Tom Hulme, as an angel investor;
  • Stefan Glänzer, as an angel investor;

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• In October 2017, the company had its Series A round of funding, raising around 6.5 Million US Dollars. The investors of this round were:
  • An US-based investment company, Omidyar Network;
  • Washington-based Venture Capital (VC) and private equity firm Fenway Summer Ventures;
  • Sebastien Breteau, as an angel investor;
• In November 2017, the company had its Debt Financing round, which raised around 300 Million Pound Sterling (GBP). The investor of this round was:
  • The london-based investment firm, Castle Trust;
• In August 2018, the company received a Grant of around 450 Thousand US Dollars. The investor of this round was:
  • The Netherlands-based financial investment firm, FMO;
• In March 2019, the company had its Secondary Market funding round. The investor of this round was:
  • Luca Ascani, as an angel investor;
• In June 2019, the company had its Debt Financing round, which raised around 500 Million Pound Sterling (GBP). The investor of this round was:
  • New York-based credit adviser, Waterfall Asset Management;
• In July 2019, the company had its Debt Financing round, which raised around 200 Million Pound Sterling (GBP). The investor of this round was:
  • New York-based investment firm, GS Growth;
• In January 2020, the company had its Secondary Market funding round. The investor of this round was:
  • London-based Venture Capital (VC) company, Balderton Capital;
• In March 2021, the company had its Secondary Market funding round, which raised around 30 Million Pound Sterling (GBP).
• In March 2022, the company had its Growth Equity VC round of funding, which raised around 210 Million Pound Sterling (GBP). The investor of this round was:
  • Toronto-based pension fund company, Ontario Teachers’ Pension Plan;

Lendable has eliminated waste from the conventional loan application procedure by using technology. The result enables them to make decisions instantly, provide personalized rates, and send money in a couple of minutes.

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