Lendable raises $670m for global expansion

Lendable, a UK-based digital lender, has secured a massive £500m through a securities sale backed by personal loans, bringing its total raised for global expansion to $670m. This significant investment will allow the company to scale its operations internationally, enhancing its reach and capabilities in the fintech space. The move underscores the growing investor confidence in digital lenders and could set a precedent for other fintech firms looking to expand globally. This funding will likely enable Lendable to offer more competitive services and further disrupt traditional banking models.