UK’s Lendable Raises Debt Backed by Personal Loans
AI Summary
Lendable Ltd., a UK-based digital lender, has secured £500 million by issuing securities backed by personal loans, marking a significant move to expand its lending operations. This funding strategy not only bolsters Lendable's financial position but also highlights the growing trend of fintech companies leveraging innovative financial instruments to fuel growth. The move could set a precedent for other fintech firms looking to access large capital pools through creative lending models.
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