Lendable: Fintech Provides Immediate Credit Decisions And Funds To Customers

It's almost that time of year.

The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets.

To get you prepared for this year's awards, Benzinga will profile each fintech company that has applied. Want to get involved? Submit your company here.

For this installment, we spoke with Lendable CEO Martin Kissinger (answers have been edited for length and clarity).

Lendable

What does your company do? What unique problem does it solve?

Lendable runs a marketplace lending platform servicing the U.K. unsecured consumer credit space. We provide personal loans ranging from £1,000 to £15,000 with repayment periods of one to five years.

Lendable is the only consumer credit platform in the U.K. offering immediate credit decisions and funds transfer to customers. We rolled out our instant decision, funded-in-two-hours consumer loan product across the prime and near-prime consumer segment to outstanding customer feedback in 2016. We are also the first U.K. lender to build an instant-decision API embedded directly into comparison websites, providing customers with a notable gain in price transparency: We offer consumers on comparison sites live quotes, as opposed to an unreliable "Representative APR" rate.

Our customers value the speed, simplicity and straightforward nature of the borrowing process with Lendable.

Who are your customers?

We serve UK consumers who take out personal loans used for purposes such as home improvements, debt consolidation/sustainably pay down credit card debt, holidays, car loans, and weddings and more.

How long have you been in business?

We wrote our first loan in July 2014.

Where are you located?

We are based out London.

Who is your company's leadership? What kind of experience do they have?

Prior to founding Lendable, Martin Kissinger worked for a Fintech startup in Germany, and previously for Rocket Internet and Accel Partners. Co-founder and CTO Paul Pamment has an MA in Mathematics from Oxford University and five years of experience in product development. Head of Credit Mark Rosel has over 11 years of consumer lending experience with a focus on predictive analytics, model risk and pricing.

For another fintech profile, click here to read about how Private Wealth Systems empowers ultra high-net-worth individuals.

If you’re looking for cool fintech startups and access to top financial institutions, and are sick of attending stuffy corporate conferences, the Benzinga Global Fintech Awards is the event for you. From its first year in 2015, the competition grew to over 250 applicants and over 500 attendees in 2016.

Connect with us on social media — use the hashtag #BZAwards and #Fintech to spread the word!

Image Credit: Screenshot http://lendablemarketplace.com/