Draft:Lendela

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Draft:Lendela


Lendela
TypeFinancial Technology
FounderNima Karimi
HeadquartersSingapore
Area served
Websitelendela.com

Lendela is a Singapore-based financial technology company that matches borrowers to partnered banks and licensed money lenders with personal, business and mortgage loans.[1] Established in 2018, the company has since entered Hong Kong in 2019 and currently operates between the two markets.[2]

History

Founded in 2018 by Nima Karimi, who had previously worked at Swedish fintechs Lendo and Zmarta,[3] Lendela was later joined by Axel Frändén, initially coming on as Chief Marketing Officer and now serving as Deputy Chief Executive Officer.

In November 2023, Lendela secured an oversubscribed US$5 million Series A funding round led by Chocolate Ventures, featuring investors from Cocoon Capital, Phillip Private Equity and Genting Ventures, directly supporting the company's expansion plans on equitable loan options across Asia-Pacific.[4][5]

A nationwide campaign was launched in 2024 and was built around a television commercial titled "No More Bullshit, Just Straight Answers".[6]

2025 then marked an important milestone in the Hong Kong market, as Lendela entered a partnership with major credit bureau TransUnion to offer free credit checks on its Hong Kong platform,[7] while also launching a mobile app on the Apple App Store and Google Play Store that same year.[1]

Beyond announcements, Lendela has been cited in an independent consumer borrowing trend article by Channel News Asia, covering rising "buy now, pay later" usage and household debt for younger Singaporeans in 2024 and 2025,[8] while the Singapore Business Review referenced the company on short-term financing amid tariff pressures in 2025.[9]

References

  1. ^ a b "About Us". Lendela. Lendela. 2026-08-13. Retrieved 2026-08-19.
  2. ^ Semlani, M. (2019-11-29). "Why online lending platform Lendela has set its eyes on Asia". e27. Retrieved 2026-08-19.
  3. ^ Ang, P. (2024-03-17). "Me & My Money: His best investment is time spent with family and other priceless experiences". The Straits Times. Retrieved 2026-08-19.
  4. ^ Yordan, J. (2023-11-23). "SG-based Lendela raises $5m to fuel expansion in Asia Pacific". Tech in Asia. Retrieved 2026-08-19.
  5. ^ "Singapore fintech firm Lendela secures $5M in oversubscribed Series A round". TechNode Global. 2023-11-23. Retrieved 2026-08-19.
  6. ^ Shaw, A. (2024-10-09). "Lendela flips the script on borrowing via "No More Bullshit, Just Straight Answers" campaign". Campaign Brief Asia. Retrieved 2026-08-19.
  7. ^ "Lendela Partners with TransUnion to Launch Free Credit Score Tool in Hong Kong". Fintech News Hong Kong. 2025-07-22. Retrieved 2026-08-19.
  8. ^ Yeap, A. (2025-01-11). "Growing comfort with debt as more young Singaporeans use 'buy now, pay later' service for daily spending". Channel News Asia. Retrieved 2026-08-19.
  9. ^ "Singapore firms turn to short-term financing as tariffs squeeze cash flow". Singapore Business Review. 2025-10-25. Retrieved 2026-08-19.

Category:Financial services companies of Singapore Category:Financial services companies established in 2018 Category:2018 establishments in Singapore Category:Financial technology companies

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