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The Brief: Securitization for sustainable development, forest carbon, home healthcare, Backstage's portfolio, Engine No. 1's shareholder strategy

The Brief: Securitization for sustainable development, forest carbon, home healthcare, Backstage's portfolio, Engine No. 1's shareholder strategy
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How UK-based Lendable is powering fintechs across emerging markets – TechCrunch


How UK-based Lendable is powering fintechs across emerging markets
What moves the needle for digital lenders is serving loans to their respective customers. But where does this money come from? The pool is usually equity or debt. While some lenders use the former, it can be seen as folly because, over time, the founders tend to lose ownership of their businesses after giving out too much equity to raise capital for loans. Hence the reason why most lending companies secure debt facilities. 
TechCrunch has recently reported on two prominent digital lenders (also digital banks in their own rights) gaining steam in Africa Carbon and FairMoney. In 2019, Carbon secured $5 million in debt financing and the following year, FairMoney did the same but raised a higher sum, $13 million. ....

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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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