Lendable was founded in 2014 by Martin Kissinger, Victoria van Lennep, Paul Pamment, and Jakob Schwarz.[4][5][6] It received £2.5 million in seed financing from a group of angel investors, including Passion Capital.[7][8] 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.[5][7] The company turned profitable in 2017.[9]
By 2016, Lendable had become one of the UK's largest unsecured consumer-lending platforms by volume.[5]
In 2019, Lendable was listed as one of the fastest-growing UK companies on the The Sunday TimesTech Track 100 and Deloitte Fast 50 lists, and again in 2020.[12][13][14] In early 2021, following a secondary share sale, Lendable became a unicorn and was valued at above £1 billion.[15][16] 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.[9][17]
In July 2025, the Post Office resumed offering personal loans in the UK as an online-only service in a joint initiative with Lendable on its platform.[21]
In the UK, Lendable provides loans with a repayment period of one to five years. It uses the UK open banking system to approve loans and, once approved, disburses funds immediately.[25] It is the loans provider behind Asda Money.[26]
