Consumer finance platform Lendable, based in London, has raised £210 million in a funding round led by the Ontario Teachers' Pension Plan Board. Lendable, founded in 2014, connects global institutional investors and borrowers across all major product categories, including loans, credit cards, and auto finance. 

Consumer credit volumes in the United Kingdom and the United States are substantial, with an addressable market of nearly $3 trillion. TIP's new investment will assist Lendable in developing new products and advancing the company's international growth ambitions. "TIP is a global growth investor with a long-term perspective," says Martin Kissinger, founder and CEO of Lendable. 

Lendable is now valued at £3.5 billion following the new equity investment.