Lendable Surges Ahead of UK Banks, Plans US Expansion

British FinTech Lendable is poised for U.S. expansion following a significant surge in consumer lending. The company doubled its profits last year, surpassing all U.K. banks in new personal loan originations. Lendable leverages artificial intelligence to automate credit checks, enabling rapid growth and a competitive edge in the consumer credit market. This strategic move into the U.S. signals strong confidence in their business model and technological capabilities, aiming to replicate their domestic success on a larger international stage.