Lendable: Company Market Research Report

Company Overview

Name

Lendable Ltd

Mission

Lendable is on a mission to revolutionize consumer finance by making it faster, cheaper, and friendlier. The company aims to simplify the process of personal finance using technology to offer quick and personalized financial solutions.

Year Founded and Founders

Lendable was founded in 2014. Specific information on the founders is not available.

Key People

Key personnel mentioned include:

• Bernie Angopa (General Counsel)

• Alejandro Puchau (Lead Software Engineer)

• Ben Hodgson (Engineering Manager)

Headquarters

Lendable is headquartered at Telephone House, 69-77 Paul St, London, Greater London EC2A 4NW, United Kingdom.

Number of Employees

Lendable has approximately 450 employees.

Revenue

No information is available on the company's revenue.

Notable Achievements

• Achieved Unicorn status since 2021 with a valuation of £3.5 billion as of March 2022.

• Profitable since 2017.

• Recognized in the top 10% ‘Most Loved Companies’ on Otta.com in 2023.

Products

Offerings

Lendable provides a variety of financial products:

• Loans: Offering personalized, instant decision loans with a simplified application process and competitive rates.

• Credit Cards: Offered through Zable, providing instant access via mobile wallets.

• Car Finance: Provided through Autolend to simplify and expedite car financing processes.

Key Features

• Instantaneous funding decisions.

• Personalized rates based on broader criteria than just credit scores.

• Support for applicants with less-than-perfect credit histories.

Recent Developments

New Products and Features

• Expansion of credit offerings through Zable in both the UK and the US.

• The launch and refinement of the platform to deliver best-in-market experiences for underserved customers.

Partnerships

Lendable is backed by major investors including Balderton, Goldman Sachs, and Ontario Teachers' Pension Plan.

Organizational Growth

• Hosted successful internal technology conferences such as LendyConf to foster innovation and knowledge sharing.

• Undergoing rapid growth with plans to expand further in the UK and US markets, challenging traditional banks with more modern and efficient systems.

Technological Advancements

Utilizing cutting-edge technology to provide a seamless customer experience by eliminating outdated aspects of traditional lending processes like paper-based applications and lengthy decision times.

Employee Engagement

The company promotes a strong culture of empowerment and team cohesion, and invests in personal and professional development programs to ensure employee satisfaction and growth.

Conclusion

Lendable is a dynamic fintech firm that is transforming the consumer finance landscape with its technology-driven solutions. While its comprehensive range of products has revolutionized the traditional lending space, its commitment to customer service and favorable financing conditions have established it as a leading player in the financial services sector. However, specific revenue figures and details of all founding members remain undisclosed.