Lendable
Lendable is a UK FCA-authorized, AI-driven direct-to-consumer online lender offering personal loans of £1,000–£25,000 to prime and near-prime UK consumers, with international expansion via its US subsidiary Zendable and the emerging-markets LTEF green energy fund.
- Company typePrivate
- Founded2014
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Lendable does
Lendable is a UK-based, FCA-authorized direct-to-consumer online lender founded in 2014. The company offers unsecured personal loans ranging from £1,000 to £25,000 over 1–5 year terms at APRs between 7.8% and 48.9%, serving prime and near-prime UK consumers across use cases including car purchases, holidays, home improvements, debt consolidation, and tuition. Sub-brands include Autolend for auto finance and Zable for credit cards, with international operations run through the US subsidiary Zendable (Delaware-incorporated) which partners with Cross River Bank, New Horizon Bank, and Continental Bank for US loan and credit card origination.
The platform is built around proprietary AI/ML credit decisioning that processes hundreds of data points from multiple Credit Reference Agencies (TransUnion, Experian, Equifax) and Open Banking transaction data via TrueLayer. Applications are scored in real time with automated decisions issued roughly every 30 seconds and funds disbursed within two hours. Soft credit searches are used for initial quotes to avoid impacting customer credit scores, and automated fraud detection integrates with CIFAS. Direct Debit repayment collection is processed via GoCardless with Stripe handling fallback payments. The company also operates the LTEF (Lendable Transition Energy Fund), a $300 million emerging-markets impact fund for green energy and transportation financing.
Lendable generates revenue primarily through interest income on originated loans and one-time loan fees. According to disclosed figures, revenue reached $608 million (90% YoY growth) with profits of $155 million, making Lendable the largest issuer of new consumer credit loans by volume in the UK. Customer acquisition combines direct online/SEO traffic with distribution across all major UK comparison and credit marketplaces (ClearScore, Compare the Market, MoneySuperMarket, Experian, TotallyMoney, Go.Compare, TransUnion). The company raised £210 million in March 2022 led by Ontario Teachers' Pension Plan Board at a £3.5 billion+ valuation, and raised an additional $300 million in 2026 (including $86 million from the IFC) to support US, Mexico, and India expansion plus LTEF deployment.
Lendable firmographics
Firmographics- Name
- Lendable
- Legal name
- Lendable Limited
- Website
- https://lendable.co.uk
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Lendable is a UK FCA-authorized, AI-driven direct-to-consumer online lender offering personal loans of £1,000–£25,000 to prime and near-prime UK consumers, with international expansion via its US subsidiary Zendable and the emerging-markets LTEF green energy fund.
- Ownership category
- akta.pro rank
Lendable industry classification
Industry- Product category
- Consumer Lending
- NAICS
- Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522), Credit Card Issuing (52221)
- SIC
- Personal Credit Institutions (6141), Asset-Backed Securities (6189)
- akta.pro primary industry
- Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK)
- akta.pro secondary industries
- Prime Unsecured Personal Loans (Installment) (FSAKAAAA), Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)
Keywords
Where Lendable is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Lendable business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Interest Income on Loans: Lendable generates revenue primarily through interest charged on personal loans. The platform offers loans from 7.8% to 48.9% APR, with a one-time loan fee added to the loan amount. Revenue grew 90% to $608 million.
- Loan Fees: Non-refundable loan fees cover setup and servicing costs including administrative expenses, credit checks, and loan management throughout the term.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Great credit band - 12.6% APR |
| Unit Pricing | Monthly | Good credit band - 19.6% APR |
| Unit Pricing | Monthly | Fair credit band - 32.3% APR |
| Unit Pricing | Monthly | Limited credit band - 48.4% APR |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Lendable product offering
Product offeringCore offering
Lendable is an FCA-regulated direct-to-consumer online lender that originates unsecured personal loans of £1,000–£25,000 over 1–5 years to UK consumers, delivering automated credit decisions in approximately 30 seconds and disbursing funds within 2 hours. The platform uses AI and machine-learning credit scoring combined with Open Banking data to price risk across multiple credit bands. Complementary offerings include auto finance (Autolend), credit cards (Zable), US personal loans via Zendable, and an impact investment fund (LTEF) for green energy financing in emerging markets.
Product overview
Lendable operates a consumer lending technology platform consisting of a core personal loans product complemented by sub-brands (Autolend for auto finance, Zable for credit cards) and international expansion via Zendable in the US market. The platform is powered by AI and machine learning for credit decisioning and offers Open Banking integration for account verification. The company also operates the LTEF impact fund for green energy financing in emerging markets. Lendable functions as a direct lender authorized and regulated by the FCA, serving UK consumers with personal loans between £1,000-£25,000.
Differentiator
Problem solved
Functional benefit
Products and services
- Lendable Personal Loans Unsecured personal loans from £1,000 to £25,000 over 1–5 years offered to UK consumers, with instant decisions (approximately every 30 seconds) and funds disbursed within 2 hours. Features soft credit searches for quotes that do not impact credit scores, fixed monthly repayments, transparent pricing across four credit bands (Great 12.6%, Good 19.6%, Fair 32.3%, Limited 48.4% APR), and no early repayment penalties.
- Autolend (Auto Finance) Auto finance product brand under Lendable Ltd offering vehicle financing. Partners with Evolution Funding Ltd for vehicle and seller verification for customers purchasing vehicles outside dealership networks.
- Zable (Credit Cards)
- Zendable (US Personal Loans and Credit Cards)
- LTEF (Lendable Transition Energy Fund) Impact investment fund providing structured debt financing for clean energy and transportation solutions in emerging markets, financing commercial solar installations, electric vehicles, and electric cooking solutions. Includes an $86 million commitment from the International Finance Corporation (IFC).
Quantifiable outcome
- Approval every 30 seconds for new customers
- +5 more outcomes
Companies that use Lendable
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
Lendable technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability6 records
Feature4 records
Lendable partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- TrueLayercoreOpen Banking provider used by Lendable to securely connect to customers' bank accounts for identity verification and affordability assessment. TrueLayer is FCA-regulated and enables customers to share banking data securely.
- GoCardlesscoreUsed to process Direct Debit payments for loan repayments. GoCardless is a leading Direct Debit payment processor enabling reliable recurring payment collection.
- StripecorePayment processing provider for secure payment facilitation on the Lendable platform, including _stripe_sid, _stripe_mid, and m cookies for payment security.
- TransUnioncoreCredit reference agency partner used for credit scoring, identity verification, and ongoing account management. Lendable uses TransUnion for soft searches on quotes and hard searches on loan acceptance.
- Phillips & Cohen Associates (UK) LtdminorProbate and bereavement account specialists partnered with Lendable through the NotifyNOW service to help manage accounts of deceased account holders through the probate process.
- Evolution Funding LtdminorAuto loan partner that contacts customers choosing vehicles outside dealerships to run vehicle and seller checks. Helps Lendable's auto finance operations with vehicle valuation and dealer verification.
- ClearScorecoreCredit comparison partner allowing ClearScore users to access Lendable loan products through the ClearScore platform.
- Compare the MarketcoreMajor UK comparison site partner enabling customers to compare and apply for Lendable personal loans.
- MoneySuperMarketcoreLeading UK price comparison website partner for personal loan distribution and customer acquisition.
- ExperiancoreCredit marketplace partner enabling Experian users to access Lendable loan products through Credit Matcher platform.
- TotallyMoneyminorCredit comparison partner allowing TotallyMoney users to access Lendable loan products.
- Go.CompareminorUK comparison site partner for personal loan customer acquisition through the Go.Compare platform.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Lendable competitors and assessment
Company assessmentDirect peers
- Zopa: UK-based digital bank and peer-to-peer consumer lending pioneer offering personal loans, savings, and credit cards. Closest direct competitor to Lendable in the UK D2C personal loans market with similar near-prime targeting and online origination.
- Funding Circle: UK-listed online lending platform originating loans to small businesses, with a UK consumer finance presence. Operates a technology-driven origination model with institutional funding similar to Lendable's warehouse-funded structure.
- LendingClub: US online consumer lending marketplace originating unsecured personal loans through a bank partnership (LendingClub Bank). Closest US analogue to Lendable's D2C model, with similar AI-driven underwriting and partner-bank balance-sheet approach.
- SoFi: US digital consumer financial services platform offering personal loans, student loan refinancing, credit cards, and banking. Comparable technology-led, D2C consumer credit origination model with growing deposit-funded balance sheet.
- Prosper Marketplace: US peer-to-peer consumer lending platform originating fixed-term, unsecured personal loans. Similar ML-driven underwriting of near-prime borrowers and platform-based model, though smaller scale than Lendable.
- Tandem Bank: UK digital challenger bank offering personal loans, mortgages, and savings products. Directly competes with Lendable in the UK online personal loans space with similar digital-first, near-prime customer focus.
- Atom Bank: UK app-based challenger bank offering personal loans, mortgages, and savings. Comparable digital-first UK consumer lending competitor targeting similar borrowers via a fully online experience.
- RateSetter: UK peer-to-peer consumer lending platform (now part of Metro Bank) originating personal loans. Closely comparable P2P/D2C UK consumer credit model with marketplace-based origination history.
- Sunny: UK online consumer lender focused on near-prime and subprime borrowers with personal loans up to higher APRs. Directly comparable to Lendable's higher-APR credit bands and similar online-only D2C positioning.
Broad incumbents
- Klarna: Global Buy Now Pay Later and consumer credit provider offering short-term instalment financing at scale across the US, UK, and Europe. Adjacent competitor in consumer credit space with overlapping near-prime underwriting capability and digital-first distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Lendable social profiles
Digital presenceLendable compliance and trust
Trust signalCompliance3 records
Lendable financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lendable leadership team
Management profileNumber of profiles
Profiles7 records
Lendable subsidiaries and ownership
Company hierarchySubsidiaries3 records
Lendable funding detail
Funding detailFunding overview
Funding rounds10 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lendable M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lendable
What does Lendable do?
Lendable is an FCA-regulated direct-to-consumer online lender that originates unsecured personal loans of £1,000–£25,000 over 1–5 years to UK consumers, delivering automated credit decisions in approximately 30 seconds and disbursing funds within 2 hours. The platform uses AI and machine-learning credit scoring combined with Open Banking data to price risk across multiple credit bands. Complementary offerings include auto finance (Autolend), credit cards (Zable), US personal loans via Zendable, and an impact investment fund (LTEF) for green energy financing in emerging markets.
Is Lendable a public or private company?
Lendable is a private company. It is classified as venture growth investor backed and is currently operating.
When was Lendable founded?
Lendable was founded in 2014. It employs 251 to 500 people.
Where is Lendable based?
Lendable is headquartered in London, United Kingdom, in the Europe region.
How does Lendable make money?
Two revenue lines are on record. Interest Income on Loans are the primary driver. The others are loan Fees.
Who are Lendable's main competitors?
Direct peers on record are Zopa, Funding Circle, LendingClub, SoFi, Prosper Marketplace, Tandem Bank, Atom Bank, RateSetter and Sunny. Klarna is listed as a broad incumbent.
Does Lendable have an API?
No public API is recorded for Lendable.
What industry is Lendable in?
Lendable's product category is Consumer Lending. Its primary akta.pro industry code is FSAKAAAK, Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment), with a secondary code of FSAKAAAA, Prime Unsecured Personal Loans (Installment). Its NAICS code is 5222 and its SIC code is 6141.