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Lendable

Lendable has experience in delivering debt and equity deals with leading venture capital funds and investment banks. Lendable bridges the gap between institutional debt investors and high growth alternative lenders in East Africa. The company employs technology-enabled deal services to help alternative lenders access structured finance to scale up their operations. Lendable is able to reduce the time, resources and frictional costs incurred in closing deals. It provides deal origination, due diligence, standardized documentation, customizable online pricing models, payments administration and post-deal reporting. Lenders serve under-banked consumers with affordable asset-backed financing. This enables ownership of productive assets, access to credit and a range of pay-as-you-go services, including energy.

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Specifications

Program website

http://lendablemarketplace.com

Type

Capacity Building
Crowdfunding Platform
Investor

Geographical Scope

Africa
Eastern Europe

Type of Cap Building

Business Development

Funding / Investment / CapBuild type

The company helps lenders access multiple finance rounds valued from US$250,000 to US$25 million, with terms of 6 to 36 months and annual percentage rates of 10 to 18%

Technical or other assistance

The company connects alternative lenders with international investors who are experienced in asset-backed securities, as opposed to the conventional bank debt on offer locally. Alternative lenders that have secured capital through Lendable’s platform also get free access to Lendable Labs’ business intelligence and customer quality score tools, empowering them to improve their collections.

Contact information

E-mail

info@lendable.io

Last update

Date

03-10-2018

Status

Accepting Applications Check Website

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