IFC proposes investment in Lendable MSME Fintech Credit Fund II
The IFC investment will be used to finance fintech companies in Africa, Asia, and Latin America.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The International Finance Corporation (IFC) has disclosed a proposed investment of up to $45.6 million in the form of a senior unsecured loan to Lendable MSME Fintech Credit Fund II, a closed-end fund managed by Lendable Inc.
The IFC investment will be used to finance fintech companies in Africa, Asia, and Latin America. The fund will be established for seven years, including a five-year investment period and a two-year repayment period.
Lendable combines traditional credit assessment with advanced data analytics, underpinned by its proprietary technology platform, Maestro. The system integrates directly with fintechs’ management tools and bank accounts, enabling both loan underwriting and real-time portfolio monitoring.
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here