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Lendable

Lendable is a lending platform that makes borrowing money effortless across loans, credit cards and car finance. Using technology, we have trimmed the fat from the traditional loan application process. The result allows us to make an instant decision, offer personalised rates, and transfer funds within minutes. We look beyond just the applicants' credit scores, offering loans to people with less-than-perfect credit histories. This way, we provide fair rates to a wider range of borrowers. Once customers have accepted our quote, we deposit their loan within minutes and many customers qualify for instant access to their credit card via their mobile wallets. Our technology is brand new so we can deliver best in class experience to customers that previously weren't served in the market. The internet has made commerce faster, cheaper and safer. Time for finance to step up. Check out our Lendable loans, Zable credit cards (https://zable.co.uk/) and Autolend car finance (https://www.autolend.co.uk/) for more specific details

Growth Trajectory

Lendable's growth potential lies in expanding its reach in the UK and US markets, fueled by its scalable platform and technology-driven approach to financial products. The company also shows potential in developing new products and services, focusing on fraud prevention and enhancing platform personalization leveraging data analytics and customer support.

Technical Challenges

Ensuring data security and preventing fraud.
Improving the loan application and management process.
Maintaining website functionality and user experience.
Scaling platform to handle high application volume.
Integrating with banking systems for Direct Debit payments.
Maintaining compliance with FCA regulations and data protection laws.

Tech Stack

CookiesOpen Banking (Truelayer)StripeIntercomGoogle AnalyticsInspectletMetaTikTokGoCardlessCredit Reference Agencies (TransUnion, Experian, Equifax)

Team Size

Customer Support
Technology Development
Credit Analysis
Data Analytics
Asset Management

Key Risks

Increased competition from traditional banks and other fintech lenders could impact market share.
Rising cost of living and economic instability may affect customers' ability to repay loans.
Fraud and money laundering risks necessitate robust verification and security measures.
Failure to maintain compliance with evolving FCA regulations and data protection laws.
Talent acquisition in a competitive fintech job market could hinder growth.

Opportunities

Further development of Open Banking integration for enhanced data verification and personalized offers.
Expanding partnerships with lenders, brokers, and financial service providers to broaden product offerings.
Leveraging data analytics to improve credit scoring, fraud detection, and customer service.
Developing new prospect marketing campaigns to attract a wider range of customers.
Expanding into new markets or offering additional financial products to existing customers.
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