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January 21, 2026
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FinDev Canada supports financial inclusion and gender equality in Latin America, Africa and Asia with USD 15 million commitment to Lendable MSME Fintech Credit Fund II

Press Release

Canada’s bilateral Development Finance Institution, FinDev Canada, announces a USD 15 million loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF (“LMFCF II” or the “Fund”), a 7-year global-focused debt fund with a target size of USD 250 million. The Fund operates in Latin America, Africa, and Southeast Asia, and has a focus on promoting financial inclusion and gender equality.
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September 16, 2026
Picture of The Honourable Randeep Sarai, Lori Kerr, and Jessica Espinoza

FinDev Canada partners with AXA XL Insurance to expand access to finance with anchor investment to Lendable MSME Fintech Credit Fund II

Press Release

The Honourable Randeep Sarai, Secretary of State (International Development), announced a USD 40 million loan on behalf of Canada’s bilateral development finance institution (DFI), FinDev Canada, to Lendable MSME Fintech Credit Fund II (or the Fund), a global-focused debt fund operating in Latin America, Africa, and Asia. The commitment will support economic growth, financial inclusion, and gender equality. This represents FinDev Canada’s third commitment with Lendable MSME Fintech Credit Fund II.
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Summary of Anticipated Development Impacts

MARKET DEVELOPMENT

  • Improve access to finance: LMFCF II will provide tailored debt and advisory services to borrowers, enabling them to expand financial access for MSMEs, rural communities, and unbanked populations, including in LDCs. Fintech solutions, which are more adaptable than traditional banking, are in high demand across emerging markets and have the potential to close the MSME financing gap. LMFCF II is expected to contribute to financial inclusion and local economic development.

Gender Equality

Enhance gender‑related practices of borrowers

LMFCF II will integrate gender assessments into its due diligence process.

GENDER EQUALITY

  • Increase access to finance for 2X‑aligned borrowers: LMFCF II aims to ensure that at least 50% of its portfolio companies meet 2X Criteria by the end of its life. LMFCF II is expected to invest in companies that advance decent work and leadership opportunities for women. The Fund itself is 2X‑aligned under the Employment criterion, with women over 40% of the Investment Advisor’s staff.
  • Enhance gender‑related practices of borrowers: LMFCF II will integrate gender assessments into its due diligence process. This will involve defining gender action plans, providing gender TA support, and/or establishing 2X gender targets linked to an interest rate step‑down incentive.
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