Lendable MSME Fintech Credit Fund
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
Investment field
Investment Companies & Funds
Activity
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
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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
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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.
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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)
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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.
View more of our investments in this region
Financial Institutions
BRAC International Finance
12,815,000.00
Liberia, Sierra Leone, Tanzania, Uganda
08/11/2024
Debt
