Lendable Reaches USD49m First Close for Emerging Market Fintech Fund

Source(s): TechCrunch

Emerging market fintech credit provider Lendable reached a USD49m first close for its Lendable MSME Fintech Credit Fund. The vehicle, which has an initial target size of USD100m, will provide credit to African and Asian fintech companies that offer credit facilities and financial services to MSMEs. DFC, DFAT, Calvert, Ceniarth, BIO, FMO and FSD Africa invested in the fund. Read more