The Lendable MSME Fintech Credit Fund has soft closed a USD 49 million investment from DFC, EMIIF (DFAT), Calvert Impact Capital, Ceniarth, BIO, FMO and FSD Africa (FSDAi). Another USD 20 million is on track to close in the fourth quarter and the fund is expected to hard close above USd 100 million in 2022.
The vehicle is designed to ease access to financial services for MSMEs, providing investors with impact exposure to different markets and the potential of uncorrelated returns. Backed by impact and development financial institution (DFI) investors, the fund provides credit to African and Asian fintech companies, who in turn offer fair credit facilities to MSMEs.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now