3 years ago

Lendable Secures £210 Million to Fuel Global Expansion of AI-Powered Loans

  • London-based fintech company Lendable has raised £210 million in a funding round led by Ontario Teachers’ Pension Plan Board, valuing the company at £3.5 billion

  • The company plans to use the funds for product development and international expansion

  • Lendable, founded in 2014, offers AI-powered loans and connects borrowers with institutional investors.

      • ProblemFinancial Services

      "Consumers find it difficult to get quick and transparent loans at competitive rates."

      Solution

      "Lendable offers a fully automated loan service that uses AI to speed up underwriting and provide customers with better rates."

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