← State of Embedded Finance 2026

Lendable

“Can a data-driven impact private-debt manager scale asset-backed lending to emerging-market fintechs into an institutional asset class?”

Founded2014
HQLondon, United Kingdom
FoundersMartin Kissinger, Victoria van Lennep, Paul Pamment, Jakob Schwarz
Total raised£4m equity (plus debt facilities)
Latest roundSecondary, 2021
Valuation£1bn+ (2021)
IndustryFintech / Lending
The story

NOTE: lendable.io and lendable.co.uk are two distinct businesses sharing a brand. Lendable.io (the target domain) is an emerging-markets private debt asset manager headquartered in London, operating through Dynolabs Asset Management Ltd (FCA-authorised) and Lendable Asset Management LLC. It provides asset-backed debt to fintechs in Africa, Asia and Latin America via SFDR Article 9 funds (LMFCF I/II, LOF, LTEF), powered by its proprietary Maestro data platform. Lendable.co.uk is the UK consumer lending platform (personal loans, credit cards, car finance) that achieved unicorn status in 2021. The .io entity is fundamentally an investment manager, not an embedded-finance issuer — its 'stack' is portfolio monitoring/analytics, not payments or BaaS rails.

Last 12 months
2026-03
2025-09
2025-05
Product timeline
2014
Founded in London as an automated consumer lending platform (originally Feather Media).· pivot
2017
Reached profitability; secured £100m debt facility from Waterfall Asset Management.· lending
2018
Secured £200m debt facility; Balderton-led secondary at ~£500m valuation.· lending
2021
Became a unicorn via secondary sale at £1bn+ valuation, backed by Goldman Sachs.· lending
2023
Lendable.io (separate impact-investing arm) monitors $202m sustainability-linked debt facility for M-KOPA.· lending
Regulated entities
FCA-authorised investment manager
UK FCA
Dynolabs Asset Management Ltd
SEC ERA (Exempt Reporting Adviser)
US SEC
Dynolabs Asset Management Ltd
The stack
Lending
Lendable Asset Management (in-house)Lendable MSME Fintech Credit Fund I (LMFCF I)Lendable MSME Fintech Credit Fund II (LMFCF II)Lendable Opportunities Fund (LOF)Lendable Transportation and Energy Fund (LTEF)Co-investment platformBlended Finance FundsMaestro (proprietary portfolio data/monitoring platform)
Accounting gap: none