LENDABLE INC.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Established in 2014, Lendable Inc. (Lendable) is a FinTech start-up based in the US and Kenya which operates a capital markets platform to provide structured finance to alternative lenders.
What is our funding objective?
FMO supports Lendable’s initiative to organise a series of responsible lending workshops for alternative lenders on specific CPPs in Africa.
Why do we fund this investment?
This initiative is in line with FMO’s and MASSIF’s mandate to promote and stimulate responsible finance, more specifically in the field of FinTech and off-grid energy.
More investments
| Date | Total FMO financing |
|---|---|
| 12/20/2022 | USD 0.45 MLN |
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Effective date
- 11/19/2018
- Total FMO financing
- EUR 0.03 MLN
- Funding
- MASSIF