Founded in 2014 by a group of graduates, Lendable offers loans to consumers by matching them with investors. It aims to make loan applications easier and quicker by using technology to automate credit decisions and give borrowers instant, personalised interest rates. Revenues, which come from platform fees, hit £19.4m last year, under co-founder and chief executive Martin Kissinger, 30. This summer, the company secured £700m to finance loans on its platform from investors including Goldman Sachs Private Capital and Waterfall Asset Management. Lendable currently originates £40m of loans a month, up from £3m in 2017.
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