Here’s Lendela! This Singapore-based startup matches borrowers to personalized loan offers with the best loan rates.

Finding the right loan for your needs is tough in the traditional market—Lendela’s a new alternative. Now, they just raised a $5M Series A!

• Founded in 2018, they claim to have doubled their business annually. 
• Oh, and they also say that they’re profitable in core markets.

Investor check. Chocolate Ventures led the round, while Cocoon Capital, Phillip Private Equity, and Genting Ventures joined in!

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👛 The ABCs of Lendela

Forget visiting different banks to find out their loan offerings. With Lendela, you can find them all in one place. 

Yup, they’ve got a variety of personal loan options from loan providers like banks and financial institutions. So far, they’ve helped 100K Singaporeans access wedding loans, car loans, renovation loans, and more!

• The amount you can borrow depends on a few factors, like your credit score, financial history, outstanding debts, and income. 
• All loan terms (rate, repayment period, and fees) are based on your application and unique profile. 

Super speedy loan processing. They claim that you can get the exact loan amount you need directly in your account in as quick as 10 minutes!

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💒 What the future holds?

They’ll expand across the Asia-Pacific region. FYI, they expanded to Australia earlier this year!

• Oh, and they’ll also develop their products and widen the scope of their services.