Able Lending is a technology company.
Able Lending is a technology company.
Able Lending has raised $17.0M across 4 funding rounds.
Able Lending has raised $17.0M in total across 4 funding rounds.
Able Lending has raised $17.0M in total across 4 funding rounds.
Able Lending's investors include Bonfire Ventures, DNX Ventures, Flex Capital, Frontier Ventures, Moderne Ventures, Peterson Ventures, Signia Venture Partners, Summit Partners, Clark Landry, Gil Elbaz, Salil Pradhan, Future Shape.
Able Lending is an online lending platform that provides growth capital to small and large businesses through loans ranging from $25,000 to $1,000,000, with rates starting at 8% and terms of 1-5 years.[5][6] Positioned as the world's first collaborative lender, it funds any small business via collaborative loans, solving inefficiencies in commercial lending by streamlining data collection and processing for complex borrowers.[3][4] Able Lending serves entrepreneurs and financial institutions, reducing approval times and costs through a white-label platform that integrates seamlessly without requiring developer customization.[4]
The company targets the underserved commercial lending market, particularly for business loans involving heavy paperwork, enabling faster capital distribution and potentially making lending 1% cheaper at scale.[4][5]
Able Lending emerged to address the core pain point in commercial lending: inefficient collection of massive paperwork and data required for business and complex loans, which no one had solved effectively.[4] Co-Founder and Head Diego Represas led the founding team, drawing from expertise in design and engineering cultures to build a product focused on speed and customization.[4] While exact founding year details are not specified in available sources, the platform quickly gained traction by honing in on whitespace in the U.S. commercial banking market, offering white-label solutions for funds and institutions.[4]
Pivotal early focus was on no-code configuration, managed integrations, and rapid deployment—achieving significant improvements like 90-day efficiency gains for clients—humanizing its mission to expedite impactful lending.[4]
Able Lending rides the fintech trend of digitizing commercial lending, where market forces like rising demand for SME capital and regulatory pressures favor automation over legacy manual processes.[4][5] Timing is ideal amid underserved small business segments, where traditional banks struggle with paperwork, allowing challengers like Able to capture share through faster origination and decisioning.[4] It influences the ecosystem by enabling financial institutions to distribute capital more efficiently, potentially lowering costs industry-wide and accelerating growth for entrepreneurs.[3][4][5]
Able Lending is poised to expand its collaborative lending model into more U.S. commercial banks and global SME markets, leveraging no-code tools for rapid product launches in new segments.[4] Trends like AI-driven risk assessment and embedded finance will amplify its edge, potentially scaling to handle larger loan volumes while maintaining high conversion rates. Its influence may evolve from niche disruptor to standard infrastructure, tying back to its core promise: making business capital access as frictionless as possible for any entrepreneur.[3][4]
Able Lending has raised $17.0M across 4 funding rounds. Most recently, it raised $4.0M Series B in February 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2017 | $4.0M Series B | Bonfire Ventures, DNX Ventures, Flex Capital, Frontier Ventures, Moderne Ventures, Peterson Ventures, Signia Venture Partners, Summit Partners, Clark Landry, Gil Elbaz, Salil Pradhan | |
| Aug 1, 2015 | $6.0M Series A | Future Shape, LAUNCH, Moderne Ventures, Peterson Ventures, Evan Williams | |
| Jun 1, 2013 | $5.0M Series A | AME Cloud Ventures, Audrey Capital, Comal Ventures, Cosmic Venture Partners, Digital Currency Group, ENIAC Ventures, Felicis Ventures, Fifth Wall, GSV Acceleration, Hardware Club, Harrison Metal, Index Ventures, Javelin Venture Partners, Menlo Ventures, Moderne Ventures, Rick Yang, Peterson Ventures, RRE Ventures, Slow Ventures, Sound Ventures, TTV Capital, Y Combinator, Errol Damelin, Hiro Tamura, Jim Pallotta, Jonathan Swanson, Richard Branson, Trace Mayer, Yan-David Erlich | |
| Dec 1, 2011 | $2.0M Venture Round | G20 Ventures |