Lendela
Lendela is a loan matching platform that connects borrowers in Hong Kong with multiple financial institutions through a single application. The service offers personalized loan options, free one-on-one consultation, and credit checks that do not affect the applicant's credit score. It partners with over 100 financial institutions across the Asia-Pacific region.
- Financial Technology
- Software Only
Funding
Raised to date
$5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 1 round
Founders
Product
Problem
Borrowers in Hong Kong face a time-consuming and overwhelming process when searching for personal loans, often needing to visit multiple banks and financial companies individually to compare offers. This fragmented approach makes it difficult to find the most suitable loan terms and can expose applicants to unnecessary credit checks that may impact their credit scores.
Solution
Lendela provides a one-stop loan matching platform that simplifies the borrowing process by allowing users to submit a single application to receive multiple personalized loan offers from various financial institutions. The platform streamlines the entire journey from application to funding, with some users receiving loan disbursements in as little as three hours. Lendela also offers free one-on-one consultation services with dedicated customer support staff who guide applicants through the process, and the application process does not affect the user's credit rating.
Target Audience
Primary customers are individual borrowers in Hong Kong seeking personal loans, including those with varying credit profiles who want to compare multiple loan options without damaging their credit score.
Features
- Single application matching users with multiple financial institutions, including options for no-credit-check and no-face-to-face loans
- Loan calculator tool that provides instant monthly payment estimates based on loan amount and tenure
- Free unlimited credit report access that does not impact the user's credit score
- Dedicated human customer service team available six days a week, including Sunday support
- Network of over 100 partner financial institutions across the Asia-Pacific region
- Fast loan disbursement capability with funds available as quickly as the same day