UK Fintech Lendable Pledges Personal Loans to Raise £500 Million
Bloomberg 2026-07-09 16:28:59
Context: Lendable Ltd., a UK-based digital lender, is seeking to raise £500 million by selling securities backed by a portfolio of personal loans. This deal is part of the company's efforts to expand its lending operations. The fundraising effort is significant, as it will support Lendable's ambitions to grow its presence in the lending market.
Key Facts
- Lendable Ltd. is raising £500 million, which is equivalent to $671 million, through the sale of securities backed by a portfolio of personal loans.
- The securities being sold are backed by a portfolio of personal loans, indicating that investors will be repaid from the income generated by these loans.
- The deal is intended to support Lendable's ambitions to push further into lending, suggesting that the company plans to use the funds to originate new loans or expand its existing lending operations.