Lendable Achieves Milestone in Impact Fund Raising

Lendable has announced the first close of its two new blended-finance funds, LMFCF2 and LTEF, marking a significant step with more than $300 million raised. The London-based asset-backed credit provider aims for a total of over $500 million. With these funds, Lendable's advisory assets near $1 billion.

The Lendable MSME Fintech Credit Fund 2 (LMFCF2) secured an investment-grade rating, emphasizing Lendable's credit robustness. The International Finance Corporation has committed $86 million, with support from other key global institutions. Both funds focus on fostering technology-led, sustainable growth in emerging markets.

CEO Chris Wehbe affirmed these funds as a testament to scalable impact with commercial discipline. Co-Founder Daniel Goldfarb highlighted their potential to transform finance access, supporting vital economic services globally. This development aligns with Lendable's vision to enhance financial access and sustainable growth.