Nairobi and New York - based The company has raised $ 6.5 m in series A funding in a round featuring Index Ventures , Fenway Summer Ventures , Omidyar Network and several US - based angel investors . Lendable aims to close the gap between institutional investors and alternative lenders in Africa to support the latter 's business plans and extend access to credit . Kenya and United States (US)-based fintech company Lendable has raised US$6.5 million in a Series A investment round, which will be used to scale operations, drive market expansion, and roll out new products. It 's platform offers services including deal origination , customisable online payment models and post - deal reporting to alternative lenders . The new funds will be able to expand into other markets including Rwanda and Tanzania and broaden its range of products .
Nairobi and New York - based The company has raised $ 6.5 m in series A funding in a round featuring Index Ventures , Fenway Summer Ventures , Omidyar Network and several US - based angel investors . Lendable aims to close the gap between institutional investors and alternative lenders in Africa to support the latter 's business plans and extend access to credit . It 's platform offers services including deal origination , customisable online payment models and post - deal reporting to alternative lenders . The new funds will be able to expand into other markets including Rwanda and Tanzania and broaden its range of products .