Digital loan platform Lendela secures $5m in funding round

Chocolate Ventures and Cocoon Capital led the round.

Digital loan matchmaking platform Lendela has secured $5m in its Series A funding round.

The round was led by Singapore-based Chocolate Ventures, with participation from Lendela’s seed investor Cocoon Capital.

The round was also joined by Phillip Private Equity and Genting Ventures, propelling Lendela's commitment to democratise personal loans. 

Founded in 2018, Lendela aims to simplify and streamline the personal loan application process. The platform empowers borrowers with transparent and personalised loan options, offering a refreshing alternative to the traditional labyrinth of the current lending landscape.