Finance
UK's Lendable launches first mobile plan by a fintech in Britain
Published by Global Banking and Finance Review
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Lendable launches the UK's first fintech mobile plan at £20 monthly, offering unlimited 5G data via the Zable app, aiming to expand its ecosystem.
By Gianluca Lo Nostro
(Reuters) -British consumer credit firm Lendable launched a monthly 20-pound mobile plan on Wednesday, the latest financial technology firm to expand into telecommunications to unlock new revenue streams.
London-based Lendable, founded in 2014, is the first fintech in Britain to launch such a service. It joins a string of firms in other countries tapping into the telecoms market and seeking to build "super-app" ecosystems that combine banking, shopping and communications.
Revolut recently announced plans for its own mobile virtual network operator in Europe, while Klarna will launch a $40 per month plan in the United States. Unlike mainstream providers, these operators do not own the wireless infrastructure they depend on, which allows them to avoid heavy fixed costs while competing on the pricing front.
Celebrities have also jumped on the trend. Ryan Reynolds-backed budget brand Mint Mobile was sold to T-Mobile US for $1.35 billion in 2023, while U.S. President Donald Trump's family business has licensed its name to launch a mobile service.
Lendable's plan will be powered by U.S.-based tech company Gigs, which provides the operating system, and will be available on the Lendable-owned Zable app, which has 2 million customers. The plan includes unlimited 5G data, calls and texts on Vodafone's network, plus 10GB of roaming across 38 nations.
"Expanding (not pivoting) into telecoms is a natural next step for us," Lendable co-founder and CEO, Martin Kissinger, told Reuters in an interview. Kissinger said that unlike other fintechs focused on current accounts, international payments and trading, Zable offers cost-saving options with the aim of lowering bills.
When asked about fundraising, Kissinger said Lendable was a profitable and well-funded business. "At the moment, we are not thinking about any kind of listing, as there is still a lot of building to do."
He declined to comment on a potential initial public offering on the London Stock Exchange.
(Reporting by Gianluca Lo Nostro in Gdansk; Editing by Milla Nissi-Prussak)
Fintech, or financial technology, refers to the integration of technology into offerings by financial services companies to improve their use of financial services.
A mobile virtual network operator (MVNO) is a company that provides mobile phone services but does not own the wireless infrastructure over which the services are provided.
5G data refers to the fifth generation of mobile network technology, which offers faster speeds, lower latency, and the ability to connect more devices simultaneously compared to previous generations.
Roaming is the ability to use your mobile phone on a different network than your home network, often while traveling abroad, allowing you to make calls and use data.
A super-app is a mobile or web application that provides multiple services, such as messaging, shopping, and banking, all in one platform.
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