The Venture Codex Logo

The Venture Codex

Lendable

The Promenade, 3rd Floor General Mathenge Drive c/o Nairobi Garage, Nairobi, Kenya

Overview

Debt financing for fintechs in emerging and frontier markets.

Founded

2014

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Debt

Geographic focus

Bangladesh
Egypt
France
India
...

Sector focus

Finance
Financial Services
FinTech
Impact Investing

Investment portfolio

18rounds
NAMEDATESIZE
Prestamype
Mar 2026Participated
$27 MDebt
Metafin
Mar 2026Led
$10 MDebt
Mattilda
Sep 2025Led
$50 MDebt
Lhoopa
Jul 2024Participated
$80 MDebt
Haz
May 2024Participated
$1 MSeed
Sun King
Jan 2024Led
$7 MDebt
Validus
Jan 2024Led
$10 MDebt
Solvento
Dec 2023Led
$54 MDebt
ShopUp
Feb 2023Led
$30 MDebt
Numida
Sep 2022Participated
$12 MSeries A
Fazz
Sep 2022Participated
$100 MSeries C
Wave
Jul 2022Participated
$90 MDebt
Prestamype
Mar 2026Participated
$27 MDebt
Metafin
Mar 2026Led
$10 MDebt
Mattilda
Sep 2025Led
$50 MDebt
Lhoopa
Jul 2024Participated
$80 MDebt
Haz
May 2024Participated
$1 MSeed
Sun King
Jan 2024Led
$7 MDebt
Validus
Jan 2024Led
$10 MDebt
Solvento
Dec 2023Led
$54 MDebt
ShopUp
Feb 2023Led
$30 MDebt
Numida
Sep 2022Participated
$12 MSeries A
Fazz
Sep 2022Participated
$100 MSeries C
Wave
Jul 2022Participated
$90 MDebt
18
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Lendable: 18 funding rounds are recorded in the selected participation categories.All available history.
Lendable: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A01
Series C+02
Other Equity11
Debt84

Monthly Deal Activity

Lendable: 18 deals are recorded across 78 months.All available history.
Lendable: 18 deals are recorded across 78 months. All available history
MonthDeals
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '211
Aug '210
Sep '210
Oct '210
Nov '211
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '222
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '242
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '262
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Lendable: Fintech is the largest displayed sector by deal count (11 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Lendable: Fintech is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Fintech11
Networks, Cloud & Communication7
Transportation & Logistics4
E-Commerce & Retail3
AI & Machine Learning2
Clean Energy & Sustainability2
Professional Services2
Marketing & Advertising1
Enterprise Software1
Data, Analytics & IT1
Real Estate & Construction1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Lendable: 18 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Lendable: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M1
$10M-$25M5
$25M-$50M4
$50M-$100M4
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Lendable: South Africa has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 10 of 12 regions; European countries are grouped as Europe.

Lendable: South Africa has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
South Africa3
Singapore3
Mexico2
Europe2
India1
Bangladesh1
Peru1
Philippines1
Kenya1
Indonesia1
Lendable: 20 co-investors are shown, with International Finance Corporation sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Lendable: 20 co-investors are shown, with International Finance Corporation sharing 2 recorded deals. All available history
Co-investorShared deals
International Finance Corporation2
10x Group1
4Di Capital1
ACE & Company1
AfricInvest1
Algebra Ventures1
ALIVE Ventures1
Allan Gray1
Andreessen Horowitz1
Asian Development Bank1
Atomico1
B Capital Group1
Breega1
Change Ventures1
CommerzVentures1
Concentric Equity Partners1
Concept Ventures1
DST Global1
Dynamo Ventures1
EDBI1

Investment Strategy

Lendable: Led accounts for 50% and participating for 50% of round participation.All available history.
Lendable: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led950%
Participating950%
Lendable: Single-lead accounts for 89% and co-led for 11% of lead dynamics.All available history.
Lendable: Single-lead accounts for 89% and co-led for 11% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead889%
Co-led111%

Team

Daniel Goldfarb

Co-Founder & CEO

Dylan Fried

Co-Founder & CTO

Fiona Hill-Samuel

COO