Tagged: lendable

London’s Lendable Announces £210M Round led by Ontario Teachers’ Pension Plan Board

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Lendable, an AI-enhanced consumer finance platform, has announced a £210 million funding round at a valuation “in excess of £3.5 billion.” The round has reportedly been led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on… Read More

F88, Vietnam’s Secured Lending Provider, Finalizes $10M Senior Secured Loan Facility from Lendable

Ninh Bình Province Vietnam joaquin unsplash

F88, Vietnam’s secured lending provider and insurance distributor, has reportedly finalized a $10M senior secured loan facility from Lendable Inc, an emerging market Fintech focused on offering debt financing. As mentioned in the announcement, this facility is the first transaction for Lendable in Vietnam and… Read More

Southeast Asian Workforce Management Platform Workmate Secures Debt Financing of up to $10 Million from Lendable

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Workmate, a Southeast Asian Workforce Management Platform and marketplace for informal workers, has reportedly acquired a senior secured loan of “up to $10 million” from Lendable Inc., a provider of debt to Fintechs in emerging and frontier markets. As mentioned in the announcement: “A committed… Read More

UK’s Lendable Provides $15M Secured Loan to Uploan, a Philippines based Salary linked Financial Services Provider

Ongpin St. Binondo Manila Philippines brett andrei martin unsplash

Philippines-based Uploan, an established provider of salary-linked financial services, has reportedly acquired a senior secured loan of $15 million from UK’s Lendable, a provider of debt to Fintech firms in emerging or developing markets. The long-term facility should help Uploan with expanding its existing loan… Read More

P2P Lender Amartha Partners with Lendable, Receives $50 Million Commitment to Lend to Women MSEs

Amartha Indonesia

PT Amartha Mikro Fintek a peer-to-peer lender that provides access to capital to micro and small entrepreneurs (MSEs). Founded in 2010, Amartha pivoted into a peer-to-peer lending platform in 2016 and is now one of the biggest P2P lenders in Indonesia. According to Amartha, the… Read More

Indonesian P2P Lender KoinWorks Secures $10 Million Additional Funding From UK Lending Platform Lendable

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KoinWorks, an Indonesia-based P2P lender, has reportedly secured $10 million in additional funding from UK lending platform Lendable. Founded in 2015, KoinWorks claims to be the leading P2P Fintech Lending in Indonesia and the first Indonesian P2P Lending company to be registered, as well as… Read More

Lendable Partners With Credit Suisse to Launch Luxembourg Fund

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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

Lendable Daniel Goldfarb

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

Africa

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

Lendable Daniel Goldfarb

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

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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

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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

Lendable logo

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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