LONDEN–(BUSINESS WIRE)– Lendable, een toonaangevend AI-aangedreven platform voor consumentenfinanciering, heeft een financieringsronde van GBP 210 miljoen aangekondigd tegen een waardering van meer dan GBP 3,5 miljard. De ronde werd geleid door de Ontario Teachers’ Pension Plan Board (Ontario Teachers’), via het Teachers’ Innovation Platform (TIP). TIP richt zich op late-stage venture- en groeiaandeleninvesteringen in geavanceerde technologiebedrijven onder leiding van missiegedreven ondernemers.

Lendable is opgericht in 2014 met de visie om technologie te gebruiken om consumentenfinanciering beter te laten werken voor honderden miljoenen klanten. Lendable past AI en automatisering toe om de acceptatie te verbeteren en klanten betere tarieven, transparantie en service te bieden, terwijl institutionele beleggers, variërend van wereldwijde banken tot family offices, toegang krijgen tot de activaklasse. Alleen al in het VK en de VS zijn de consumentenkredietvolumes aanzienlijk, met een adresseerbare markt van bijna $ 3 biljoen. De nieuwe investering van TIP zal Lendable ondersteunen bij het ontwikkelen van nieuwe producten en de ambities van het bedrijf voor internationale groei stimuleren.

Lendable announces GBP 210m funding round led by Ontario Teachers’

LONDON–(BUSINESS WIRE)– Lendable, a leading AI-powered consumer finance platform, has announced a GBP 210m funding round at a valuation in excess of GBP 3.5bn. The round was led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on late-stage venture and growth equity investments in cutting-edge technology companies led by mission-driven entrepreneurs.

Lendable was founded in 2014 with the vision to use technology to make consumer finance work better for hundreds of millions of customers. Lendable applies AI and automation to enhance underwriting, and offer customers better rates, transparency and service, while offering institutional investors ranging from global banks to family offices access to the asset class. Consumer credit volumes in the UK and US alone are significant, with an addressable market of close to $3 trillion. The new investment from TIP will support Lendable in developing new products and drive the company’s ambitions for international growth.

Martin Kissinger, founder and CEO of Lendable, said: “We are excited to partner with TIP as we accelerate our expansion across products and markets. Our DNA from day one has been to bring transparency and fairness to consumer finance, and we are proud of the fantastic feedback we consistently receive from our customers. TIP is a global growth investor with a long-term view who can support our ambition to make this giant market work better.”

Olivia Steedman, Senior Managing Director, TIP: said: “Lendable’s seamless, quick and easy to use products, powered by advanced AI, are shaping the future of consumer finance. We’re delighted to work with Martin and his visionary team to deliver on Lendable’s growth ambitions.”

About Lendable

Lendable is an AI-powered consumer finance platform with a mission to make consumer finance more transparent, fair and efficient. Its proprietary technology platform connects global institutional investors with borrowers across all major products (loans, credit cards, car finance). Headquartered in London, Lendable was founded in 2014.

About Ontario Teachers’

Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is the administrator of Canada’s largest single-profession pension plan, with C$227.7 billion in net assets (all figures at June 30, 2021 unless noted). It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.6% since the plan’s founding in 1990. Ontario Teachers’ is an independent organization headquartered in Toronto. Its Asia-Pacific region offices are located in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded as at January 1, 2021, invests and administers the pensions of the province of Ontario’s 331,000 active and retired teachers. For more information, visit otpp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220310005158/en/

Contacts

Lendable
Kunal Gupta

Chief of Staff

T: +44 7878 737 045

externalcomms@lendable.co.uk

Ontario Teachers’
Hugh Christopher

Senior Manager, Communications

T: +1 647 300 3365

media@otpp.com

Victoria Douglas

Senior Associate

Kekst CNC for Ontario Teachers’

T: +44 7908 638 573

otpp@kekstcnc.com