About Able Lending
Able Lending is a company based in Austin (United States) founded in 2011. Able Lending has raised $15.1 million across 5 funding rounds from investors including Western Technology Investment, Community Investment Management and Peterson Partners. The company has 20 employees as of December 31, 2022. Able Lending operates in a competitive market with competitors including OnDeck, Breakout Capital, Bond Street, The Credit Junction and QuarterSpot, among others.
- Headquarter Austin, United States
- Employees 20 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Able Lending, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$15.1 M (USD)
in 5 rounds
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Latest Funding Round
$4 M (USD), Series B
Feb 01, 2017
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Investors
Western Technology Investment
& 13 more
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Employee Count
20
as on Dec 31, 2022
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Funding Insights of Able Lending
Able Lending has successfully raised a total of $15.1M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $4 million completed in February 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Able Lending
Able Lending has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Western Technology Investment, Community Investment Management and Peterson Partners.
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Seed & early stage VC firm investing in the US
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Diversified investment management services are offered to clients.
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Venture capital firm investing in early and growth stage technology companies.
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Investor details for Able Lending
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Investments & Acquisitions by Able Lending
Investment portfolio details for Able Lending
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Financial Statements - Able Lending
Detailed financials for Able Lending
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Able Lending Comparisons
Peer comparison for Able Lending
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Competitors of Able Lending
Able Lending operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OnDeck, Breakout Capital, Bond Street, The Credit Junction and QuarterSpot, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for business loans
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Business term loans and invoice financing are offered online.
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Alternative term loans for small businesses are financed by investors.
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Provides working capital financing solutions to small and medium enterprises.
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Unsecured term loans for small businesses.
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Detailed competitors of Able Lending
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Latest news on Able Lending
Complete news archive for Able Lending
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Frequently Asked Questions about Able Lending
Able Lending was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Able Lending is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Able Lending is a funded company, having raised a total of $15.1M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Able Lending is 20.
Founded in 2011 and based in Austin, United States, Able Lending operates in the fintech sector as an online platform for business term loans. Loans are extended based on factors including credit scores, revenue, business documents, and loan terms. Monthly repayments are collected from borrowers and distributed among creditors, supporting small business financing needs.
Able Lending's top competitors include OnDeck, Breakout Capital and Bond Street.
Able Lending has 14 investors. Key investors include Western Technology Investment, Community Investment Management, Peterson Partners, RPM Ventures, and Blumberg Capital.