Lendable Expands Horizons in Impact Investing with New Funds Launch

Lendable’s New Ventures in Impact Investing

In a groundbreaking move within the world of impact investing, Lendable, a leading provider of asset-based credit, has officially announced the first closing of its two new mixed finance funds: the Lendable MSME Fintech Credit Fund 2 (LMFCF2) and the Lendable Transportation and Energy Fund (LTEF). The company has successfully raised over $300 million to date and is on the path to a final closing target exceeding $500 million.

Aiming for a Billion

With the launch of these new funds, Lendable's assets under advice are nearing the impressive mark of $1 billion. The LMFCF2 fund has also achieved a coveted investment-grade rating, emphasizing Lendable’s commitment to performance and disciplined credit strategies. This rating not only highlights the company’s strong background but also instills confidence among investors.

The funds have attracted significant commitments including $86 million from the International Finance Corporation (IFC), part of the World Bank Group, along with other notable investors such as a U.S. public financial institution and various international development finance institutions, family offices, and foundations.

Supporting Impactful Businesses

Lendable’s mission reflects a dedication to supporting tech-driven enterprises that promote inclusive and sustainable growth across both developed and emerging markets. The LMFCF2 aims to provide actively supported capital to the next generation of financial firms utilizing Lendable’s innovative data and technology to expand financial access for underserved populations. On the other hand, the LTEF is focused on rapidly growing SMEs and mid-sized businesses that are implementing sustainable technologies across diverse economic sectors, including electric mobility, renewable energy, and robust agriculture practices.

As emerging markets are projected to account for approximately two-thirds of global economic growth by 2035 (according to S&P Global), Lendable plays a pivotal role in unlocking this potential by supporting firms that will form the backbone of financial services, energy, and transportation. Utilizing its tailored technology and data platform, Lendable facilitates faster scaling for global growth enterprises while ensuring borrower discipline and credit quality, reinforced by technology-led structuring, continuous monitoring, and proprietary insights from the Maestro risk engine.

A Milestone for Impact Investing

Chris Wehbe, CEO of Lendable, emphasized the impact of these funds: "These funds mark a milestone in our sector, demonstrating that you can scale impact with commercial zeal. They validate our mission and our thesis that proprietary data and institutional quality systems can deliver consistent returns and impact. We are grateful for the trust from leading global institutions, and we look forward to deploying this capital into companies that generate economically viable returns alongside tangible impact."

Daniel Goldfarb, Lendable’s co-founder and executive chairman added, "Our goal is to unlock billions of dollars for impact asset classes without compromising returns. These funds bring us one step closer and allow us to support businesses that are transforming access to finance, energy, and essential services for millions of people."

The IFC’s Mohamed Gouled, vice president of industry, expressed pride in supporting Lendable's dual focus on financial access and sustainability through their investments in the two new funds, highlighting a mutual commitment to empowering the next generation of technology-enabled companies that harmonize commercial success, sustainability, and meaningful job creation in emerging economies.

The participation of both new and existing DFI partners has been appreciated by Lendable in launching these new funds. Partners for LMFCF2 include British International Investment (BII), the Belgian Investment Company for Developing Countries (BIO), the Dutch Development Finance Company (FMO), FinDev Canada, Proparco, and Deutsche Investitions-und Entwicklungsgesellschaft (DEG). For LTEF, participants include the Netherlands Development Finance Company (FMO) and the Swiss Investment Fund for Emerging Markets (SIFEM).

About Lendable

Lendable is a technology-enabled impact fund advisor that provides asset-backed lending to high-growth companies across emerging markets worldwide. Our data-driven approach to credit underwriting, structuring, verification, and monitoring allows us to manage risk at the speed of our markets while partnering with borrowers to scale and deliver significant social and environmental impact.

With nearly a decade of strong fund performance and advisory assets approaching $1 billion following the launch of these two latest funds, Lendable supports sustainable industries in 21 countries across Latin America, Africa, and Asia. Headquartered in London, Lendable is expanding its reach through hubs in Nairobi, Johannesburg, and Singapore.

For more information, please contact:

- Lauren Callie: +27 82 894 5581, [email protected]
- Alastair Crabbe: +44 (0) 778 526 8282, [email protected]