Lendable Plans as Much as $180 Million Fresh Lending in 2021

Lendable Plans as Much as $180 Million Fresh Lending in 2021
Bloomberg
4 days ago
Bella Genga
© Bloomberg
Pedestrians walk along a roadway back-dropped by commercial and residential buildings in the Sandton district of Johannesburg, South Africa, on Thursday, June 22, 2017. South Africa’s inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015.
(Bloomberg) -- Lendable Inc. is raising funds to enable fresh loans of $120 million to $180 million this year to customers in Africa, South East Asia and Latin America, according to co-founder and Chief Executive Officer Daniel Goldfarb.
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The lender is seeking $15 million to $25 million in combined debt and equity and separately expects “a larger transaction for a fund” in the next 60 days, Goldfarb said in an emailed response to questions, without giving more details.

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