Martin Kissinger, the founder of Lendable is just 28 years old; he has built Lendable into a successful business that has lent £80 mn to 20,000 borrowers; the company had a growth rate of 430% in the last year and provides funds to borrowers in as little as two hours; article profiles Kissinger’s past work experience and more about Lendable. Source
UK based Lendable raised $400mn to continue lending to UK consumers amid concerns over growing household debt; the capital infusion comes from Castle Trust who is backed by the US private equity shop JC Flowers; this is the second big deal for Lendable in 2017 as they were able to secure over $130mn from Waterfall Asset management in March. Source.
Lendable provides consumer loans from high net worth and institutional investors; says the new investment is an important milestone for the firm and will help support its next phase of growth; according to Martin Kissinger, Founder and Chief Executive of Lendable, "This investment affirms our strong track record and operational excellence, and helps us reach the next level of scale." Source