Lendable in talks to raise funding above £3 billion valuation: sources

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Scoop: Goldman Sachs-backed consumer loans startup Lendable is in discussions to raise new funding above a $4 billion valuation, sources told Insider

Lendable, a personal loans startup backed by Goldman Sachs, is set to raise an equity funding round.The UK-headquartered startup is expected to use any new cash to expand to the US.

The UK-based startup was founded in 2014 by 32-year-old German entrepreneur Martin Kissinger, who previously set up Berlin-based peer-to-peer firm Lendico for German startup builder Rocket Internet. Now the company has appointed advisory firm FT Partners to oversee a funding round that could value the startup more highly, two sources said.

It claims to offer fast loans at"fair rates." On its site, a £7,500 loan over three years is charged at 28.6% APR, higher than the industry standard rate, with a traditional bank offering a repayment rate over the same term of 7.9%.

 

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Holy white kids

独家报道:据知情人士透露,高盛支持的消费贷款初创公司Lendable正在讨论筹集新资金,以使其估值超过40亿美元

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