Lendable

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.

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

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

• Consumer lending
• Personal loans
• Online lending platform
• AI credit scoring
• Digital consumer finance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. 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.
2. Loan Fees: Non-refundable loan fees cover setup and servicing costs including administrative expenses, credit checks, and loan management throughout the term.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core 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

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability6 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• TrueLayercoreTechnology or IntegrationOpen 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.
• GoCardlesscoreTechnology or IntegrationUsed to process Direct Debit payments for loan repayments. GoCardless is a leading Direct Debit payment processor enabling reliable recurring payment collection.
• StripecoreTechnology or IntegrationPayment processing provider for secure payment facilitation on the Lendable platform, including _stripe_sid, _stripe_mid, and m cookies for payment security.
• TransUnioncoreTechnology or IntegrationCredit 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) LtdminorImplementation/ SI/ Consulting PartnerProbate 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 LtdminorChannel Partner/ Reseller/ DistributorAuto 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.
• ClearScorecoreChannel Partner/ Reseller/ DistributorCredit comparison partner allowing ClearScore users to access Lendable loan products through the ClearScore platform.
• Compare the MarketcoreChannel Partner/ Reseller/ DistributorMajor UK comparison site partner enabling customers to compare and apply for Lendable personal loans.
• MoneySuperMarketcoreChannel Partner/ Reseller/ DistributorLeading UK price comparison website partner for personal loan distribution and customer acquisition.
• ExperiancoreChannel Partner/ Reseller/ DistributorCredit marketplace partner enabling Experian users to access Lendable loan products through Credit Matcher platform.
• TotallyMoneyminorChannel Partner/ Reseller/ DistributorCredit comparison partner allowing TotallyMoney users to access Lendable loan products.
• Go.CompareminorChannel Partner/ Reseller/ DistributorUK comparison site partner for personal loan customer acquisition through the Go.Compare platform.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• Xx.com/Lendableuk
• LinkedInlinkedin.com/company/lendable

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds10 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lendable