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
*********
- Legal Name Able Lending, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $4.0M
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First Round
First Round
(01 Jul 2013)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series B - Able Lending | Valuation | RPM Ventures |
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| Sep, 2016 | Amount | Debt – Conventional - Able Lending | Valuation |
investors |
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| Aug, 2015 | Amount | Series A - Able Lending | Valuation | Blumberg Capital , RPM Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed & early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Diversified investment management services are offered to clients.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early and growth stage technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Able Lending
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Able Lending
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Able Lending Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for business loans
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| domain | founded_year | HQ Location |
Business term loans and invoice financing are offered online.
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| domain | founded_year | HQ Location |
Alternative term loans for small businesses are financed by investors.
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| domain | founded_year | HQ Location |
Provides working capital financing solutions to small and medium enterprises.
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| domain | founded_year | HQ Location |
Unsecured term loans for small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Able Lending
Frequently Asked Questions about Able Lending
When was Able Lending founded?
Able Lending was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Able Lending located?
Able Lending is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Able Lending a funded company?
Able Lending is a funded company, having raised a total of $15.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jul 01, 2013.
How many employees does Able Lending have?
As of Dec 31, 2022, the latest employee count at Able Lending is 20.
What does Able Lending do?
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.
Who are the top competitors of Able Lending?
Able Lending's top competitors include OnDeck, Breakout Capital and Bond Street.
Who are Able Lending's investors?
Able Lending has 14 investors. Key investors include Western Technology Investment, Community Investment Management, Peterson Partners, RPM Ventures, and Blumberg Capital.