Lendable Reaches $255 Million Final Close on Second MSME Fintech Credit Fund

LONDON / NAIROBI — Lendable has achieved a $255 million final close for its second MSME Fintech Credit Fund (LMFCF II), surpassing initial targets through an oversubscribed round.

The blended finance vehicle draws backing from a diverse mix of institutional investors, development finance institutions, and commercial banks, including Canada's FinDev Canada, AXA XL (the property and casualty arm of insurer AXA), and pan-African institution Absa.

Investment-Grade Structuring for Institutional Scale

A core structural feature of LMFCF II is its investment-grade rated senior tranche, engineered to mitigate risk profiles and satisfy strict regulatory mandates governing institutional buyers. By combining public development capital with commercial money, the vehicle bridges traditional risk barriers to channel institutional liquidity into asset classes typically avoided by mainstream private credit.

Alongside the fund close, Lendable is finalizing a technical assistance facility backed by select investors. The facility aims to support portfolio companies as they scale, enhance environmental and social impact metrics, and refine the firm's data-driven underwriting and deployment processes.

"We set out to prove that high-impact asset classes could meet institutional standards without compromise," noted Chris Wehbé, Chief Executive Officer at Lendable. "An investment-grade rated senior tranche and an oversubscribed final close are the clearest evidence yet that we're getting there, and that investors are ready to back this strategy at scale."

Global Footprint and Execution Strategy

Operating from major hubs including London, Nairobi, Singapore, Buenos Aires, and Johannesburg, Lendable targets financial inclusion and sustainable economic growth by deploying capital into technology-enabled lenders, payment platforms, and asset-backed financiers.

Market analysts view the success of LMFCF II as a signal that emerging market fintech debt is maturing from a niche impact strategy into a mainstream component of private credit allocations.

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