Lendable, a prominent digital lender based in the U.K., has secured approximately $670 million through the sale of securities backed by a portfolio of unsecured consumer loans. This funding, finalized on July 9, will bolster the company's ongoing efforts to enhance its lending capabilities and further penetrate the personal lending market. Since its inception in 2014, Lendable has emerged as a leading issuer of personal loans in the U.K., having originated over £10 billion (around $13.4 billion) in consumer credit assets, underscoring its rapid growth trajectory within the sector.
The company reported a remarkable 120% increase in profits last year, reaching $155 million, alongside a 90% surge in revenues to $608 million. Lendable's recent performance has positioned it as a key player in the consumer finance landscape, having issued the second-largest number of new credit cards and the highest volume of personal loans in the U.K. market. Co-Founder Martin Kissinger emphasized the company's commitment to improving consumer finance by leveraging technology to enhance transparency and efficiency, a sentiment that resonates with a growing number of consumers dissatisfied with traditional banking practices.
Lendable's ambitions extend beyond the U.K. as it eyes expansion into the U.S. market, a move that follows its impressive profit doubling in 2025. The company's previous funding round in March 2022, which raised $275 million and valued Lendable at $4.5 billion, was aimed at developing new products and facilitating international growth. As Lendable continues to innovate within the personal lending space, its latest capital raise is likely to attract attention from investors keen on the evolving fintech landscape, particularly in regions where consumer finance is ripe for disruption.
The company reported a remarkable 120% increase in profits last year, reaching $155 million, alongside a 90% surge in revenues to $608 million. Lendable's recent performance has positioned it as a key player in the consumer finance landscape, having issued the second-largest number of new credit cards and the highest volume of personal loans in the U.K. market. Co-Founder Martin Kissinger emphasized the company's commitment to improving consumer finance by leveraging technology to enhance transparency and efficiency, a sentiment that resonates with a growing number of consumers dissatisfied with traditional banking practices.
Lendable's ambitions extend beyond the U.K. as it eyes expansion into the U.S. market, a move that follows its impressive profit doubling in 2025. The company's previous funding round in March 2022, which raised $275 million and valued Lendable at $4.5 billion, was aimed at developing new products and facilitating international growth. As Lendable continues to innovate within the personal lending space, its latest capital raise is likely to attract attention from investors keen on the evolving fintech landscape, particularly in regions where consumer finance is ripe for disruption.
Source: PYMNTS
