About Lendful
Lendful is a company based in Vancouver (Canada) founded in 2015 was acquired by Peoples Trust Company in June 2018.. Lendful offers products and services including Personal Loans. Lendful operates in a competitive market with competitors including Upgrade, Mogo, Fairstone, Grow and goPeer, among others.
- Headquarter Vancouver, Canada
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lendful Financial Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Alterna
& 2 more
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Employee Count
Employee Count
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Acquired by
Peoples Trust Company
(Jun 20, 2018)
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Products & Services of Lendful
Lendful offers a comprehensive portfolio of products and services, including Personal Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides personal loans with simple terms for Canadian individuals.
Funding Insights of Lendful
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(06 Jan 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - Lendful | Valuation |
investors |
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| Jan, 2016 | Amount | Debt – Conventional - Lendful | Valuation |
investors |
| 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 Lendful
Lendful has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Alterna, Alterna Bank and Peoples Trust Company. 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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Alterna Savings is recognized as a provider of personal and business banking services in Canada.
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Founded Year | Domain | Location | |
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Offers digital banking, savings accounts, investments, and loans for personal and business clients.
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Founded Year | Domain | Location | |
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Provides personal banking, business loans, mortgages, and online services in Vermont.
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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 Lendful
| 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 - Lendful
| 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 |
Lendful Comparisons
Competitors of Lendful
Lendful 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 Upgrade, Mogo, Fairstone, Grow and goPeer, 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 |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Personal loans and lines of credit are provided by Mogo.
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| domain | founded_year | HQ Location |
Diversified lending services are offered by Fairstone as an NBFI.
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| domain | founded_year | HQ Location |
Business intelligence software is provided for data-driven insights.
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| domain | founded_year | HQ Location |
Personal loans are facilitated via a peer-to-peer marketplace.
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| domain | founded_year | HQ Location |
Education financing is delivered via online student lending solutions.
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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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Frequently Asked Questions about Lendful
When was Lendful founded?
Lendful was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Lendful located?
Lendful is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
What does Lendful do?
Founded in 2015 and based in Vancouver, Canada, Lendful operates as an online lending marketplace in the fintech sector. Personal loans of up to 35,000 are available to borrowers with a minimum credit score of 690. Risk is assessed using online data and technology to determine credit ratings and interest rates. Approved applications are sent to borrowers for review; upon acceptance, documentation is executed and funds are disbursed.
What products or services does Lendful offer?
Lendful offers Personal Loans.
Who are Lendful's investors?
Lendful has 3 investors. Key investors include Alterna, Alterna Bank, and Peoples Trust Company.
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