Lendable MSME Fintech Credit Fund

Equity : August 2022

BIO has invested USD 4 M in equity in Lendable MSME Fintech Credit Fund, a closed-end private credit fund focused on FinTech companies in Africa and Asia

Amount

$ 4,000,000.00

Type of investment

Equity

Development impacts

Local economic growth
Financial inclusion
Promotion of ESG best practices
Gender

Beneficiary locations

Africa: Ghana, Kenya, Nigeria, South Africa

Asia: India, Indonesia, Philippines, Vietnam

Investment field

Investment Companies & Funds

Activity

KK.64.302 FI Fund

Organisation

Lendable MSME Fintech Credit Fund

Website

https://lendable.io/

Domicile

Luxembourg

More investments in

Lendable MSME Fintech Credit Fund

Equity $ 5,000,000.00 (2021)

Lendable is a leading debt finance provider to FinTech companies across frontier and emerging markets that create access to new financial products and services for un- and under-banked populations. Lendable finances FinTech companies that facilitate consumer and MSME credit, productive asset finance, payments, remittances, and digital marketplaces. From its offices in Nairobi, London, and Singapore, and using its proprietary technology and data, Lendable directly originates, structures, underwrites, and monitors all transactions.

Development impacts

Local economic growth
The Fund will provide financing to FinTech companies, struggling to attract local financing. Many of these FinTechs are FIs that on-lend to the local economy (digital MSME lenders, digital MSME asset financers, digital marketplaces).

Many investees themselves qualify as MSMEs
Financial inclusion
Support of MSMEs: Digital MSME lenders are a priority sector for Lendable and the funds of digital asset financing and marketplaces go to a large extent to MSMEs.

Access to payment and transfer services: Funding for payment platforms, including digital remittances. Current portfolio includes two payment platforms.
Promotion of ESG best practices
BIO helped shape the Fund's E&S policy and building an Environmental and Social Management System, and has directed Lendable to more responsible investees (especially in consumer lending and the application of customer protection standards)
Gender
Eligible on two 2X criteria, leadership and employment.

There is a commitment, on a best effort basis, to increase the number of women in the board.

Read impact and news about this project

News

Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors

12-10-2021

Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking USD 100 million closed-ended fund focused on emerging and frontier market fintech investments.