Lendable announces $6.5M in Series A funding round
Lendable, the first technology-enabled deal platform designed specifically for alternative lenders in frontier markets, today announces $6.5 million in Series A funding.
The round's investors include KawiSafi Ventures, Omidyar Network, and Fenway Summer Ventures.
Ameya Upadhyay, Principal at Omidyar Network, says: “Lendable is able to predict payment behaviour of micro entrepreneurs, many of whom don’t have access to affordable credit. This enables Lendable to unlock capital for creation of productive assets which drive greater economic productivity for millions of people and their families in frontier markets."
Read the press release here.