FinTech: Lendable Launches $100M Fintech Fund For MSMEs In Emerging And Frontier Countries

October 13, 2021 | FinTech, News

Lendable has already soft-closed $49 million of the target amount.

Lendable Inc, a fintech that provides credit to fintechs in emerging markets, announced Tuesday the launch of a $100 million closed-ended fund focused on emerging and frontier market fintech investments. The fund would provide credit to African and Asian fintech companies, who in turn offer fair credit facilities to over 150,000 Micro, Small, and Medium Enterprises (MSMEs). (CISION PRNewswire)

Soft close of $49 million

Lendable also announced it had soft-closed a $49 million investment from DFC, EMIIF (DFAT), Calvert Impact Capital, Ceniarth, BIO, FMO and FSD Africa (FSDAi).

The fund provides investors with high impact exposure, such as unlocking access to financial services for MSMEs, as well as high uncorrelated returns.

Since inception (October 2016) to 31 August 2021, Lendable has delivered an annualised net return of 14.32% to investors. Till date, and including the soft close, Lendable has committed $200 million in capital.

“Through our fintech investments, we are providing essential working capital for MSMEs that enables off-grid customers to buy energy products and opens the door to innovative digital banking services to consumers,” commented Daniel Goldfarb, co-Founder of Lendable. “It is about making a high impact difference.”

“Emerging market fintech investment has a direct and highly important impact on regional development,” said Marnix Monsfort, Director Financial Institutions, FMO. “Sadly, all too often, quality firms struggle to scale due to a lack of adequate, tailored capital.”

“FMO is excited to partner with Lendable as its proposition directly addresses this issue by bringing new capital to the table combined with their strong record of delivering competitive risk-adjusted returns for investors.”

Related Story: Stilt, The Loan Provider To Immigrants, Raises $100M Debt

Image: Workmate, a Southeast Asian Workforce Management Platform and marketplace for informal workers, that raised a senior secured loan of up to USD 10 million from Lendable.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News©ParisTsitsosforLivinFarms-scaled.jpg
Venture Capital: LIVIN Farms, A Provider Of Bugs On Subscription, Raises €6M Series A

LIVIN Farms, an industrial technology provider in the alternative protein industry, has developed HIVE PRO, a fully automated process that allows waste management companies and large scale food producers to…
Digital Assets: Sam Bankman-Fried’s FTX US Wins Auction For Voyager Digital’s Bankruptcy Assets With $1.4B Bid
September 28, 2022     Digital Assets, News

West Realm Shires Inc., dba FTX US, has won the bankruptcy auction for the assets of Voyager Digital with a bid of about $1.422 billion. It was held to be…
Artificial Intelligence: Clearview Nabs Patent For Technology That Creates Bias-Free Algorithms

Clearview AI announced its win of the “Scalable Training Data Preparation Pipeline And Efficient Distributed Trainer For Deep Neural Networks In Facial Recognition” patent (U.S. Patent No. 11,443,553) issued by…
Alternative Investments/ESG: The Newday Sustainable Development Equity ETF

Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder…