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UK Fintech Lendable Plans to Raise £500 Million Through Personal Loans · Cyprus Report

Business · World

UK Fintech Lendable Plans to Raise £500 Million Through Personal Loans

1 sourceFirst reported 12 days agoUpdated 12 days ago

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UK digital lender Lendable Ltd. is raising £500 million ($671 million) through the sale of securities backed by personal loans.
The funds raised are intended to support Lendable's expansion into the lending market.
This financial move reflects Lendable's strategy to enhance its growth and market presence.
The announcement comes as part of Lendable's ongoing operations in the fintech sector.
The deal highlights the increasing trend of fintech firms utilizing securitization to raise capital.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

UK Fintech Lendable Pledges Personal Loans to Raise £500 MillionBloomberg · 12 days ago

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AI summary: catch up in 20 seconds

UK digital lender Lendable Ltd. is raising £500 million ($671 million) through the sale of securities backed by personal loans.
The funds raised are intended to support Lendable's expansion into the lending market.
This financial move reflects Lendable's strategy to enhance its growth and market presence.
The announcement comes as part of Lendable's ongoing operations in the fintech sector.
The deal highlights the increasing trend of fintech firms utilizing securitization to raise capital.

Generated by AI from the 1 sources below · always verify with the originals