Tagged: lendable

Lendable Partners With Credit Suisse to Launch Luxembourg Fund

London-based Fintech platform Lendable has reportedly teamed up with Credit Suisse to launch a new Luxembourg Fund. According to AltFi, the fund will initially provide up to £225 million of financing into the UK consumer market. The launch of the fund comes just one month… Read More

Lendable Announces New CIO & COO

Kenya-based Fintech platform Lendable announced on Thursday it has welcome Hani Ibrahim as its new Chief Investment Officer and Des Denning as its new Chief Operating Officer, as well as the company’s new Chief Financial Officer. According to Lendable, Hani will oversee Lendable’s investment strategy and… Read More

Kenyan Fintech Lendable Completes Second Round of Asset-Backed Pass-Through Notes With Institutional Investors

Kenya-based Fintech platform Lendable announced on Thursday the closing of an innovative secured dual tranche 36-month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2.” According to Lendable, MOP2 is the second fundraiser of secured pass-through notes backed by consumer, SME, solar and productive asset loans originated by… Read More

P2P Lender Lendable Receives Dutch Development Bank FMO Convertible Grant

Kenyan-based Fintech platform Lendable has been extended a convertible grant from Dutch Development Bank FMO to provide a “first loss” backstop.  The $450K convertible grant, provided by the Dutch government’s FMO managed MASSIF fund, aims to reach targeted end-beneficiaries through financing local financial intermediaries and institutions that… Read More

P2P Lender Lendable Signs £300 Million Loan Deal With Castle Trust

Peer-to-peer lending platform Lendable has entered into £300 million loan deal with investment and mortgage firm Castle Trust. This news comes just a couple weeks after the online lender hit its £100 million milestone. Founded in 2014, Lendable describes itself as a peer-to-peer lending platform… Read More

Amazon Growing Business Awards Shortlist. Revolut’s on the List, Lendable & More

The UK Amazon Growing Business Awards ceremony will take place on 29th November 2017 at The Brewery, London. Today, the e-commerce/tech company has announced their shortlist of companies in the mix to win.  According to Amazon, more than 500 nominations were received from across the… Read More

Peer to Peer Lender Lendable Raises £2.5 Million in Seed Round

UK based peer to peer lending platform Lendable has raised approximately £2.5 million in a seed round. Lendable states their new platform, only launched at the beginning of 2014, can  deposit funds in your bank account in “minutes” – once a quote is accepted.  The… Read More

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