This Lendable company profile covers the company's valuation, revenue, funding rounds, investors and history. Lendable works in fintech, with a focus on consumer lending. It was founded in 2014 and is headquartered in London, England, United Kingdom. Its latest valuation on record is About £3.5 billion (March 2022). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Mar 2022 | Growth round | £210M | About £3.5B | Ontario Teachers' Pension Plan (Teachers' Innovation Platform) (lead) | Crowdfund Insider |
| 2021 | Growth round | See source | More than £1B | See source | City AM |
Lendable timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2014 — Lendable is founded in London by Martin Kissinger (CEO) and co-founders.
- 2021 — Growth round: See source, valuing the company at More than £1B.
- Mar 2022 — Growth round: £210M, valuing the company at About £3.5B. Investors: Ontario Teachers' Pension Plan (Teachers' Innovation Platform) (lead).
Investors
Overview
Lendable is a London consumer finance company that uses technology and data to offer personal loans, credit cards and car finance in the UK. It's known for fast, fully online applications, with decisions and funds often provided within minutes, and for pricing that reflects each borrower's risk rather than broad bands. Its products include Lendable personal loans, the Zable credit card and Autolend car finance. In March 2022 it raised £210 million at a valuation of about £3.5 billion, making it one of the UK's most valuable fintech companies at the time, though that figure now dates back several years.
Lendable was founded in 2014. Martin Kissinger serves as CEO and co-founded the company with a small team. The founders built Lendable around the idea that better data and automated underwriting could price credit more accurately and serve borrowers faster than traditional lenders, while connecting large institutional investors with consumer borrowers.
Products
- Personal loans: unsecured instalment loans for debt consolidation, home improvements and purchases.
- Zable credit card: a credit card managed through an app, aimed at building and managing credit.
- Autolend: car finance launched in 2021, offering loans for vehicle purchases.
- Eligibility checks: soft-search checks so applicants can see likely approval without affecting credit scores.
Funding
Lendable raised a growth round in 2021 that valued it at over £1 billion. In March 2022 it raised £210 million led by Ontario Teachers' Pension Plan through its Teachers' Innovation Platform, at a valuation reported as about £3.5 billion; some outlets described it as more than £3.5 billion. The company said the funding would support new products and international growth. Lendable also uses large debt facilities and securitisation to fund its lending. We haven't found a newer priced round, so the 2022 figure should be treated as historical.
Business model
Lendable earns interest on loans and card balances, minus funding costs and credit losses. It funds lending through institutional investors, warehouse facilities and asset-backed securities, connecting investors seeking returns with consumer borrowers. Its profitability depends on underwriting accuracy, efficient operations and access to funding at reasonable rates. Being largely digital allows lower operating costs than lenders with branches.
Competition
Lendable competes with banks and card issuers such as Barclays, Lloyds, NatWest, Capital One UK and Vanquis; with fintech lenders such as Zopa, Monzo and Revolut, which also offer loans; and with car finance providers and comparison sites. Its advantages are speed, risk-based pricing and a focus on a few well-executed products.
Lendable at a glance
Lendable is a London consumer finance company founded in 2014 and led by CEO Martin Kissinger. It offers personal loans, the Zable credit card and Autolend car finance. It was valued at about £3.5 billion in a March 2022 £210 million round led by Ontario Teachers', up from more than £1 billion in 2021.
Timeline
- 2014: founded in London.
- 2015–2019: grows its personal loan business.
- 2020–2021: launches Zable and Autolend; valued at more than £1 billion.
- March 2022: raises £210 million at about £3.5 billion.
Data-driven lending
Traditional lenders often place applicants into broad risk bands and offer a limited set of rates. Data-driven lenders use richer information, including credit bureau data, open banking transaction data where customers agree, and their own repayment history, to estimate risk more precisely. That can allow lower rates for some borrowers and approval for others who might be declined elsewhere. The approach works well when models are tested over a full economic cycle; the real test comes during downturns when defaults rise.
Car finance and regulation
The UK car finance market has been under scrutiny over commission arrangements between lenders and dealers, with the Financial Conduct Authority reviewing past practices and courts considering compensation claims. Newer lenders with different commission models may be less exposed than long-established players, but regulatory changes can affect the whole market.
Who uses Lendable
Lendable's customers are UK consumers seeking personal loans, credit cards or car finance, typically with fair to good credit, who prefer fast online applications.
Valuation context
Lendable's £3.5 billion valuation was set near the top of the 2021–2022 fintech market. UK and US listed lenders' valuations fell afterwards, so the figure may overstate current value, but Lendable's continued lending growth and funding activity suggest it remained a significant business. Our guide to the largest private fintech companies provides comparisons.
Risks
- Credit losses: defaults rise in recessions.
- Funding costs: higher rates increase borrowing costs.
- Regulation: consumer credit and car finance rules are tightening.
- Stale valuation: the last mark is from 2022.
Questions for borrowers
- What is the representative APR, and what rate will you actually get?
- Are there fees for early repayment?
- Does the eligibility check affect your credit score?
How Lendable funds its loans
Lendable doesn't hold customer deposits like a bank. Instead, it borrows from banks and institutional investors through warehouse facilities, which are credit lines secured on its loans, and periodically packages loans into asset-backed securities sold to investors. This approach lets it grow lending without bank capital rules, but it makes it dependent on the appetite of credit markets. When rates rose in 2022 and 2023, funding costs increased for all non-bank lenders, squeezing margins unless they raised prices. Lenders with good credit performance generally kept access to funding, since investors judge them on how their past loans have repaid.
Its founding idea of connecting institutional investors with consumer borrowers remains central. Pension funds, insurers and asset managers looking for steady returns can invest in pools of consumer loans, while borrowers get faster decisions and, in some cases, lower rates than they might elsewhere.
Who Lendable serves best
Lendable's speed and fully online process suit borrowers who are comfortable applying on a phone or computer, have a reasonable credit history and want a quick decision. People with very poor credit may not qualify, while those with excellent credit may find similar or lower rates at large banks or through comparison sites. Borrowers should compare the APR offered, check whether a soft search is used first and avoid borrowing more than they can comfortably repay.
Latest developments (October 2026)
Lendable became the UK's largest issuer of new personal loans by volume in 2025, according to Experian data cited by PYMNTS, which reported strong profit growth. In July 2026 it sold about £500 million of securities backed by consumer loans, according to Bloomberg, and it plans to expand in the US and launch in Mexico, according to The Paypers. Its 2022 valuation of about £3.5 billion remains the latest priced figure.
What to watch
Watch for new funding, international expansion, credit performance and UK car finance regulation.
Takeaways
Borrowers can get fast online decisions on loans and cards. Founders can see how data-driven underwriting supports scale. Investors should treat its £3.5 billion valuation as a 2022 mark.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Lendable do?
Lendable is a fintech / consumer lending company headquartered in London, England, United Kingdom. It was founded in 2014.
What is Lendable's valuation?
Lendable was valued at About £3.5 billion as of March 2022, according to FinTech Futures. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Lendable make?
Lendable is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Lendable's latest funding round?
The most recent financing we have verified is a growth round in Mar 2022: £210M, at a valuation of About £3.5B. Source: Crowdfund Insider.
Who are Lendable's investors?
Investors named in public announcements include Ontario Teachers' Pension Plan.
Who founded Lendable?
Lendable was founded in 2014 by Martin Kissinger (CEO) and co-founders.
Is Lendable a public company?
No. Lendable is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Lendable headquartered?
Lendable is headquartered in London, England, United Kingdom.