Lendable Ltd. has secured £500 million ($671 million) by issuing securities backed by its personal‑loan portfolio. The transaction adds liquidity that the company plans to deploy to deepen its lending footprint across the UK.

The capital raise positions Lendable to compete more aggressively with established banks and newer fintech entrants. By monetising existing loans, the firm sidesteps the need for a traditional equity round, preserving ownership dilution while unlocking a sizable cash buffer.

Investors gain exposure to a diversified loan pool, potentially benefiting from the securities’ structured payout. For Lendable, the influx supports growth initiatives, such as expanding customer acquisition channels and enhancing underwriting technology.

The move signals confidence in the UK personal‑loan market’s resilience and could pressure rivals to reassess their capital strategies. Analysts note that the deal may spur further securitisation activity as fintech lenders seek scalable funding models.