London-based lending firm Lendable has announced a £210m funding injection today that pushes its valuation north of £3.5bn, as it looks to accelerate a push into new markets.
The new funding round, led by the Ontario Teachers’ pension plan via its Teachers Innovation Platform (TIP), boosts the fintech firm’s valuation from over £1bn last year at its last capital raise.
The move from Ontario pensions plan comes as it ramps up its push into private capital investment funding via a new innovation platform, launched three years ago to focus on on late-stage venture and growth equity investments.
“There is around £6tn in the UK pension scheme alone. A small portion of that could be diverted to high growth tech opportunities which would create jobs, help with levelling up and drive international trade,”.
Read more: City A.M.
