Peer-to-peer platform Lendable raises £2.5m in round led by Passion Capital angels
Eileen Burbrige and Stefan Glaenzar among backers of 11 month old FinTech start-up
Peer-to-peer lending start-up Lendable has secured £2.5m from a group of leading angel investors, including personal investments from Passion Capital partners Eileen Burbrige, Robert Dighero, and Stefan Glaenzer.
Will Kirby from Still Point Ventures; an early investor in MarketInvoice, and Adam Knight, executive chairman of London Bitcoin start-up Coinfloor also participated in the round.
Launched in January, Lendable is a peer-to-peer platform for personal loans and claims to differentiate itself from competitors by delivering personalised rates following the submission of a short application form, opening up the market to more borrowers and lenders.
The investment will see further growth of its offering but it’s questionable as to how far the company will scale given that the market is becoming increasingly crowded.