Lendela

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Lendela company description

Founded in 2018, Lendela is a fast-growing fintech on a mission to simplify financing and enable greater financial access. The platform matches borrowers with personalised loan options through a simple application, empowering borrowers with choice and transparency while offering an alternative to the cumbersome and opaque traditional lending landscape. Since its inception, Lendela has facilitated over half a million loan applications alongside more than 100 lending partners. In 2023, the company successfully raised US$5 million in an oversubscribed Series A to scale its unique model across Asia Pacific. Lendela's backers include Singlife co-founder Walter de Oude’s Chocolate Ventures as well as prominent Singapore-based VC firm Cocoon Capital. Lendela currently serves users in Singapore and Hong Kong.