Project detail - Dynolabs Asset Management Ltd

Who is our customer?

Lendable MSME Fintech Credit Fund II is a debt fund managed by DynoLabs Asset Management Ltd, a wholly-owned subsidiary of Lendable Inc. which has been a long-standing partner of FMO. Lendable is an impact-focused asset manager that provides funding to fintech lenders in emerging markets. LMFCF2 is the successor to Lendable’s first MSME (micro-, small-, and medium-sized enterprise) fintech fund and will continue providing credit to fintechs operating across Africa and Asia while also adding Latin America. FMO has invested USD 10 million through MASSIF in Class B shares (first-loss tranche) of the Fund. This investment plays a critical anchoring and catalytic role, enabling the Fund to mobilise investments from DFIs and commercial investors into more senior tranches. The investment supports a fund structure that blends public and commercial capital to expand access to credit for fintechs targeting underserved MSMEs.

What is our funding objective?

The funding objective is to enable Lendable to deliver targeted TA that will help to build robust, scalable verification and risk management systems for a growing, diverse portfolio of fintech investments; promote financial inclusion and resilience among MSMEs and end-beneficiaries, in line with MASSIF’s mandate to reduce inequalities and foster sustainable development; and, catalyse sector-wide learning and innovation by sharing good practices and lessons learned across the MASSIF portfolio and beyond.

Why do we fund this investment?

This project is strategically relevant to FMO as it directly advances the objectives set out in the MASSIF current strategy, which positions Technical Assistance as a core instrument for empowering financial intermediaries to serve MSMEs, women, and underserved communities in frontier markets. By supporting Lendable with targeted capacity development—specifically, strengthening risk management and digital verification systems—FMO enables the fund to reach deeper into segments where financial exclusion remains acute. This intervention addresses a market gap by equipping a key intermediary with tools and expertise that would not be accessible otherwise, thus amplifying both the reach and quality of financial services for those most in need. The approach is fully aligned with MASSIF’s funding criteria, focusing on institutional strengthening, responsible finance, and sector-wide learning, as highlighted in MASSIF's current strategy.

More investments

Date	Total FMO financing
12/15/2022	EUR 0.03 MLN