Creating another source of funding
Existing investors ALIVE Ventures, Oikocredit and Salkantay Ventures led the bridge. It supports the planned creation of a SAFI investment-fund manager, through which the company intends to raise money from retail and institutional investors.
Financing the loan portfolio
Lendable provides the credit line for loan origination, including property-backed loans. The CEO described a flow-trust structure with Peru’s development bank Cofide; the company’s planned Series A remains separate from this completed package.
Where the funding goes
- Establish an investment-fund management company
- Expand small-business loan origination