Lendable, a London, UK-based AI-powered consumer finance platform, raised GBP210M in funding at a valuation in excess of GBP 3.5 Billion.
The round was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP).
The company intends to use the funds to accelerate international growth and expand operations and development efforts.
Founded in 2014 and led by CEO Martin Kissinger, Lendable is an AI-powered consumer finance platform that connects global institutional investors with borrowers across all major products (loans, credit cards, car finance). The company applies AI and automation to enhance underwriting, and offer customers better rates, transparency and service, while offering institutional investors ranging from global banks to family offices access to the asset class.
FinSMEs
10/03/2022