Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors
LONDON, NAIROBI, Kenya and SINGAPORE, Oct. 12, 2021 /PRNewswire/ --Lendable Inc. ("Lendable" or the "Firm"), a leading emerging market fintech credit provider, is targeting a ground-breaking $100 million closed-ended fund focused on emerging and frontier market fintech investments.
- LONDON, NAIROBI, Kenya and SINGAPORE, Oct. 12, 2021 /PRNewswire/ --Lendable Inc. ("Lendable" or the "Firm"), a leading emerging market fintech credit provider, is targeting a ground-breaking $100 million closed-ended fund focused on emerging and frontier market fintech investments.
- Backed by leading impact and development financial institution (DFI) investors, the Fund today has soft closed a $49 million investment from DFC , EMIIF (DFAT), Calvert Impact Capital , Ceniarth , BIO , FMO and FSD Africa (FSDAi).
- The Lendable MSME Fintech Credit Fund is Lendable's fourth fund and with the soft close takes the Firm's overall committed capital to over $200 million.
- Marnix Monsfort, Director Financial Institutions, FMO, added, "Emerging market fintech investment has a direct and highly important impact on regional development.