November 9

Emerging Markets Lender Lendable Seeks $100 Million to Fund Fintech Companies

By Tage Kene-Okafor

Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies, the firm said in an emailed statement today.

In March, the firm said it planned to raise funds between $120 million to $180 million to give new loans to fintechs so they could then provide credit, asset finance, payments and remittances to individual customers and businesses in emerging markets.

Photo courtesy of Fiona Graham / WorldRemit Comms.

Source: Yahoo Finance (link opens in a new window)

Finance, Investing, Technology
financial inclusion, fintech, impact investing, remittances