Lendable Achieves First Close of Impact Funds with $300 Million Raised

Lendable Makes Strides in Impact Fundraising

Lendable, an esteemed provider of asset-backed credit for rapidly expanding global companies, recently marked a significant milestone by confirming the first close of two innovative blended-finance funds: Lendable MSME Fintech Credit Fund 2 (LMFCF2) and Lendable Transportation and Energy Fund (LTEF). This achievement has led to an impressive total of more than \$300 million raised and positions Lendable on track to finalize over \$500 million in total fund closings.

As a testament to Lendable's solid track record and disciplined credit strategy, the senior tranche of LMFCF2 has secured an investment-grade rating. This reinforces the company’s commitment to prudent financial practices in supporting impactful enterprises. Notably, the World Bank Group's International Finance Corporation (IFC) has contributed a substantial \$86 million across both funds, joined by other global investors, including a prominent publicly owned U.S. institution and several development finance institutions, family offices, and foundations.

These new funds underscore Lendable’s mission to invest in high-impact, technology-driven companies that promote inclusive and sustainable growth in both developed and emerging markets. The LMFCF2 fund aims to provide asset-backed capital to next-generation financial services firms that leverage Lendable’s proprietary technology and data to enhance financial access for previously underserved populations. Meanwhile, the LTEF fund is dedicated to supporting small and medium enterprises (SMEs) and mid-market enterprises (MMEs) that are accelerating the adoption of sustainable technologies across various sectors. This includes important areas such as efficient and electric mobility, renewable energy, and resilient agricultural practices.

As global economic indicators suggest that emerging markets will account for roughly two-thirds of global growth by 2035, Lendable positions itself as a catalyst for unlocking this potential. By backing firms that are pivotal to the future of financial services, energy, and transportation sectors, Lendable aims to drive substantial progress in these industries. Utilizing a customized tech platform, Lendable empowers growth companies to scale rapidly while maintaining strict borrower discipline and collateral quality. This is further supported by technology-driven structuring and ongoing risk monitoring facilitated through its proprietary Maestro risk engine.

Chris Wehbe, the CEO of Lendable, expressed enthusiasm about the funds’ launch, stating, “These funds represent a watershed moment in our sector, demonstrating that it is possible to scale impact with a focus on commercial rigor. They validate our belief that proprietary data and high-quality institutional systems can generate consistent returns and social impacts. We appreciate the confidence granted to us by leading international institutions, and we look forward to using this capital to assist businesses that yield both financial returns and significant outcomes.”

Daniel Goldfarb, Co-Founder and Executive Chairman of Lendable, emphasized the ambition to unlock billions of dollars for impactful asset classes without compromising returns.