Africa: Emerging Markets Lender Lendable Seeks $100m to Fund Fintech Companies

Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies, the firm said in an emailed statement today.

In March, the firm said it planned to raise funds between $120 million to $180 million to give new loans to fintechs so they could then provide credit, asset finance, payments and remittances to individual customers and businesses in emerging markets.

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