Lendable, a 2023 Lab proponent, has announced the first close of two new blended finance funds—raising over USD 300 million and on track to reach a final close above USD 500 million. The milestone brings Lendable’s assets under advisory close to USD 1 billion and includes a USD 86 million commitment from IFC, alongside leading development finance institutions and global investors. The funds will back high-impact, tech-enabled businesses expanding access to finance and accelerating sustainable solutions across various sectors in emerging and developed markets.