The International Finance Corporation (IFC) granted a $45.6 million loan to the fund managed by Lendable Inc., an asset management firm specializing in financing fintechs operating in emerging markets and developing economies.

At this stage, the total target amount has not been communicated, but capital raising efforts are under way with investors. The International Finance Corporation (IFC), a branch of the World Bank Group dedicated to the private sector, announced in a note published on Wednesday, April 23, 2025, that it plans to invest up to $45.6 million

The LMFCF II will be a closed-end private debt fund, established for a term of seven years. It includes an investment period of five years, followed by a repayment phase of two years. The resources mobilized will be directed to fintechs providing financial services to individuals, micro, small and medium-sized enterprises (MSMEs), including those run by women, as well as to actors in the digital ecosystem in the

This new investment vehicle will succeed LMFCF I, a mixed impact fund, which closed in January 2023 at $110 million. Its mission was to finance fintechs active in Africa and Southeast Asia, providing credit solutions to MSMEs and supporting the development of digital infrastructures