Lendable

Moladin Secures up to USD 50 Million Debt Financing from Lendable, Supporting Access to Financing Solutions for Indonesian MSMEs Singapore, 09 July 2024 — Moladin, a leading Indonesian mobility #fintech, has raised a senior secured loan of up to USD 50 million from Lendable which provides debt capital to fintech companies in emerging and frontier markets. This partnership will enable Moladin to further support dealers and consumers in the used car market ecosystem by providing them with access to innovative financing solutions. Moladin’s mobility fintech platform, supported by Moladin Finance Indonesia (MFI), an OJK-Licensed end-to-end digital financier, for used car dealers as well as retail consumers, allows them access to financing against the value of their vehicles as collateral. Moladin is actively bridging the gap in financial services and personal mobility solutions, particularly for #underserved communities, #MSMEs, and its growing consumer base. The investment in Moladin aligns with Lendable’s mission of supporting financial inclusion in emerging markets through #technology and innovative financial solutions, and demonstrates Lendable’s belief in Moladin’s capabilities to address the financing gap faced by used car dealers, MSMEs and consumers in #Indonesia. Hani Ibrahim, Chief Investment Officer at Lendable, commented on the investment by adding, “Lendable is proud to partner with Moladin and support their #mission-aligned objective of serving #underserved #MSMEs and consumers in #SoutheastAsia. Having worked closely with the Moladin team during this transaction, we have been impressed by how Moladin has been able to build a high-quality scalable business that reaches a critical, yet hard to serve segment in Indonesia.” Andrew K.J. Tan, CFA, Co-Founder and President at Moladin, further emphasizes the significance of this milestone: “Our partnership with Lendable will help us significantly expand access to financial services and mobility solutions. This goes beyond just buying a vehicle. We are also helping #MSMEs grow their business and take advantage of emerging opportunities. By fostering financial inclusion, Moladin is actively contributing to the economic and social mobility of all Indonesians.” Since 2023, Moladin has facilitated financing access for its expanding customer base by disbursing over USD 500 million in loans, including more than USD 300 million to used car dealers and USD 250 million to consumers and other MSMEs. Read more: https://lendable.io/news/ #ImpactInvesting #FinancialInclusion #EmergingMarkets #PrivateDebt

We are delighted to welcome Sharad Prakash as Head of Asia on Lendable's fintech investment team! Suresh Samuel, Lendable’s Managing Director and Head of Fintech, said “We are very excited to have Sharad join our team. He brings a wealth of private credit experience across Asia, a strong commitment to our impact mandate, and a clear excitement about the fintech opportunity. I believe Sharad is going to have an immediate impact on our work and will be a great partner for scaling fintechs across the region.” Sharad has over 17 years of experience in financial services across origination, structuring & syndication of private credit, securitized products & secured financing (including for fintechs). Click https://lnkd.in/esjsMWEi to learn more about Sharad, and https://lendable.io/ to learn more about Lendable.

📣 Join us next week on June 18th at 9am ET / 2pm BST on Convergence Blended Finance's webinar series INSIDE THE DEAL, where Lendable's CEO Chris Wehbe, together with a few investors, will discuss Lendable’s debut into #blendedfinance looking back at when the company launched its 4th private debt fund, the Lendable MSME Fintech Credit Fund (LMFCF). Together with Stephen K. Macharia for FSD Africa, Stella Li Kirkpatrick representing Calvert Impact and Taha Gaya on behalf of USAID, the panelists will discuss LMFCF’s development, challenges and lessons learned in setting up an innovative pool of capital to drive real #impact across emerging, frontier and pre-frontier markets. LMFCF is a closed-end blended fund providing on and off-balance sheet funding to #fintechs that support MSMEs and the digital ecosystem in Sub Saharan Africa and Southeast Asia to increase financial inclusion and opportunity creation. It closed with USD 110 million of investable capital, exceeding the USD 100 million target. LMFCF attracted a broad range of development finance and commercial investors to the asset class, some of whom have not previously been involved in fintech transactions. 👉 Convergence members can register using this link https://lnkd.in/eDu9ZaaC We look forward to seeing you there!

We're #hiring a Consultant KYC/AML Analyst! If you are passionate about #KYC and #AML, with a strong background in KYC for commercial and legal structures, knowledge of US/EU/UK AML regulatory frameworks and an interest in working with a dynamic team dedicated to making an #impact, apply today! Multiple locations considered.

Lendable’s CEO, Chris Wehbe and Investment Director, Nick Riley both recently attended the Annual AVCA - The African Private Capital Association summit held in Johannesburg, where Chris took part in a panel discussion on debt on the continent, entitled "Debt Dynamics: Unlocking Liquidity with Venture Debt in Africa". During the session, Chris elaborated on Lendable’s unique data-driven approach in providing senior debt to fintech and sustainable-focused companies in emerging, frontier, and pre-frontier markets. With an estimated 131 million underbanked MSMEs across frontier and emerging markets, #fintechs have introduced innovative business models that offer tailored and financially inclusive products to these clients. In our operational markets spanning Sub-Saharan Africa, Southeast Asia, and Latin America, debt transactions often prove too intricate and nuanced for international investors to participate, however, through our data-driven approach, Lendable has frequently been the #first institutional debt provider for many clients in these regions. Beyond the formal discussions, the Lendable team hosted an informal dinner on the sidelines of the summit, bringing together a diverse group of conference attendees from the broader ecosystem, including investors, commercial banks, debt providers, and VCs. We extend our gratitude to the event's organizers for the invitation and for facilitating engaging exchanges with like-minded peers. #AVCA #Africa #EmergingMarkets #MSMEs #PrivateDebt

Stay ahead in the dynamic world of emerging markets with Lendable's latest #MacroInsights update. Crafted by our CEO Chris Wehbe, this report offers a thorough analysis to help you navigate the trends shaping the financial landscape. Explore how these insights can impact your investment decisions and gain valuable knowledge in impact investing, financial inclusion, sustainable finance, macroeconomics, and market updates. Access the full report here: https://lnkd.in/eMfUjpCR #ImpactInvesting #FinancialInclusion #SustainableFinance #Macroeconomics #MarketUpdate #EmergingMarkets

📣 Lendable's Executive Chairman, Daniel Goldfarb, will be speaking at SF Climate Week on Monday 22 April 2024! Daniel will join a host of leading players in climate innovation, technology, and leadership to discuss Off-Balance Sheet Lending (Asset-Backed Lending). 🌍 Lendable's work in private sector #decarbonizationfinance involves offering accessible and innovative financing options to companies in emerging markets looking to invest in renewable energy infrastructure, energy efficiency projects, e-mobility and other initiatives aimed at reducing carbon emissions and promoting sustainability. Through our financing solutions, Lendable aims to accelerate the adoption of clean technologies and contribute to the transition toward a low-carbon economy. 👉 Click here to contact us about our Sustainable Finance - https://lnkd.in/eaxWHqWE 👉 Click here for more info on San Francisco Climate Week - https://lnkd.in/gegmXzgn and https://lu.ma/txel6b5y #SFClimateWeek #climate #decarbonization #cleantech

Exceptional Impact: Lendable Recognises Outstanding Contributors In recognition of their instrumental work at Lendable, we are excited to announce the promotions of: Rugile Gurrieri to Managing Director - Head of Risk, Suresh Samuel to Managing Director - Head of Fintech Investments, and Olivia Johnson to Director - Head of Analytics and Business Intelligence. Congratulations to Rugile, Suresh and Olivia! 🙌  We are excited for their onward journey with Lendable, as we work toward creating a more #equitable and #sustainable world through #data and #finance. Rugile Gurrieri Rugile joined Lendable in August 2021 to lead the risk function, after 10 years at Credit Suisse as a TMT analyst, then progressing to the Loan Portfolio Management Group looking after a $6bn portfolio. Rugile has revolutionized the Risk department at Lendable, playing a key role in more than doubling the firm's AUM since her joining to the present day. Under her leadership, Lendable has built out a structured Risk team as well as various Risk Management Policies, namely Valuation, Ratings, Fraud Risk assessment. This was instrumental in enabling Lendable's investment in 16 new FinTech companies as well as upsizing existing investments, and expanding our reach into additional geographies. Suresh Samuel  Suresh joined Lendable in January 2020 as Head of Origination Africa, originally based in Nairobi. He was previously Head of Capital Markets for Tala and Managing Director at the Overseas Private Investment Corporation (now DFC). Suresh has demonstrated exceptional leadership as he manages a geographically diverse team of Investment Officers, originating deals in-market. Under his guidance, Lendable’s active portfolio has scaled to over 25 companies and accelerated disbursements, now totalling over $473 million, to our high-impact fintech partners. Suresh spearheaded Lendable’s entry into Latin America and MENA regions and directed its first transactions in the payments and embedded finance subsectors. Olivia Johnson  Olivia joined Lendable in June 2022 to build out the Analytics and Business Intelligence function. She was previously Head of Analytics at Engie Energy Access, and Global Credit Strategy and Analytics Manager at Fenix International. Olivia has introduced a paradigm shift in Lendable’s data analytics tools, integral to the underwriting and risk-monitoring of our emerging market fintech partners, and enabling our investors to capture a fuller, more nuanced understanding of the impact of their investments. Olivia provides invaluable macro-insights across the geographies Lendable invests in, and has set new standards in demonstrating the value of data in understanding unit economics, product construction and business models for both credit and impact.

We are excited to join the upcoming annual Social Capital Markets Conference #SOCAP2024 forum this October! SOCAP is the thought leadership platform for the accelerating movement towards a more just and sustainable economy – something that resonates profoundly with Lendable’s mission to create a more equitable and sustainable world through data and finance. This year, Lendable, represented by co-founder and Executive Chairman, Daniel Goldfarb, will be part of two proposed sessions. Please show your support by voting for the session you feel will be the most impactful: 💡 Session 1: "The Forgotten Dimension of Impact: How to Mitigate Negative Impact Risk" will feature discussion of how negative impact can be addressed and prevented across the #renewableenergy, #fintech, and #affordablehousing sectors. Panelists include Martha Buckley of Sunwealth, Caitlin Rosser of Calvert Impact , Daniel Goldfarb of Lendable, and Julianna Stuart of Preservation of Affordable Housing. 👉 Vote for this session here: https://shorturl.at/dluW5 💡 Session 2: “Big Checks for Fintechs: Increasing Investment, Impact, and Inclusion Through Blended Finance" will explore the role that #blendedfinance models play in increasing investment, impact, and #digital and financial inclusion in #emergingmarkets. Accion Venture Lab's Matt Schaar will be joined by Lendable's Daniel Goldfarb, and USAID's Taha Gaya. 👉 Vote for this session here: https://shorturl.at/BDQW2 We look forward to the fruitful exchanges and insights that can come from both panels!

Last week Lendable was in NYC for the Financial Technology Partners / FT Partners Fintech in Africa Conference. Our CEO Chris Wehbe shared the stage with IFC - International Finance Corporation's Andi Dervishi and QED Investors' Gbenga Ajayi to discuss our experience delivering growth capital to African fintechs. We are excited to continue supporting the growth of this flourishing ecosystem which is now attracting the attention of wider global capital pools. Despite macro-headwinds and a challenging fundraising environment, Lendable continues to be active in the market, scaling market leaders across multiple #fintech segments. We continue to see #digitization as fundamental to breaking the barriers of perceived risk in Africa, and key to delivering on its return potential to global investors.