Canada’s bilateral development finance institution, FinDev Canada, has announced a $15 million loan commitment to the Lendable MSME Fintech Credit Fund II (LMFCF II), a seven‑year debt vehicle targeting $250 million in total capital. The fund invests globally across Latin America, Africa, and Southeast Asia, with a mandate centered on expanding financial inclusion and advancing gender equality in emerging markets.
FinDev Canada’s investment will support LMFCF II in building a diversified portfolio of debt financing for fintech companies that serve micro, small, and medium-sized enterprises (MSMEs), women-owned businesses, and low‑income consumers who rely on digital financial services. By channeling capital to fintechs that design accessible, technology-driven lending solutions, the fund aims to unlock tailored financial products for underserved customer segments that traditionally face barriers to credit.
Lori Kerr, CEO of FinDev Canada, emphasized the strategic importance of the partnership.
FinDev Canada is proud to support Lendable in expanding critical financing for underserved communities and women. Every dollar we deploy in Latin America, Africa, and Asia reflects Canada’s commitment to economic resilience and prosperity. This partnership reinforces our shared focus on advancing financial inclusion and innovation across emerging markets, while promoting long-term impact for MSMEs, particularly women-owned enterprises.
Lendable’s CEO, Chris Wehbé, welcomed the new investment, describing it as a strong endorsement of the fund’s mission and approach.
We are delighted to welcome FinDev Canada as a new partner in our journey. Their support underscores the shared belief that credit access and technology can expand economic opportunity and financial inclusion for those historically excluded. We look forward to working together to scale fintech innovation and deliver lasting, inclusive impact across emerging markets.
LMFCF II builds on Lendable’s broader objective of leveraging data-driven credit models and fintech partnerships to improve access to capital across underbanked populations. The new commitment from FinDev Canada further strengthens the fund’s ability to deploy structured financing into high-potential fintechs that are reshaping lending ecosystems in emerging economies.
