Lendable is excited to announce an up to US$20 million debt investment in Mongolian fintech LendMN, a leading consumer and MSME lending platform. LendMN drives financial inclusion in Mongolia by making credit available to underserved parts of the population and empowering small businesses to grow and expand through digital, fast, and efficient underwriting via the LendMN app.
Lendable’s investment in LendMN aligns with Lendable’s mission of supporting financial inclusion in emerging markets through innovative financial solutions to widen access and demonstrates Lendable’s belief in LendMN’s role to play in furthering this agenda.
LendMN was advised by Delphos, a leading international financial advisory firm specializing in capital mobilization across emerging and frontier markets.
“This milestone reflects the strength of our technology and business model. With Lendable’s support, we’re one step closer to making digital financial services accessible to all,” said Uuganbayar Tserendorj, CEO & Board Member of LendMN.
Suresh Samuel, Lendable’s Managing Director of Fintech Investments, said “LendMN has, through its strong foothold in Mongolia, showcased an impressive ability to bring digital financing to underserved segments in the country, allowing people to improve their lives and support their small businesses. We are delighted to be able to support a company of this caliber, with a demonstrated track record and strong management team. We see significant opportunities ahead, especially within the digital MSME financing space, and are pleased to play a role in that growth.”
About LendMN
LendMN is Mongolia’s first digital lending fintech, serving MSMEs and underbanked populations with data-driven, technology-enabled financial solutions. With over $73 million in loan balance and 1.3 million registered app users, LendMN has transformed lending in Mongolia through fully digital onboarding, automated credit scoring, and instant disbursement. Using AI to capture and verify non-salary income and business revenue, LendMN offers inclusive, collateral-free credit access to micro and small businesses often excluded from traditional finance. The company is committed to ethical, responsible lending, recognised with a Silver-level Client Protection Certification by MFR Global Rating Agency.
LendMN NBFI JSC is a publicly listed joint stock company on the Mongolian Stock Exchange (MSE), operating under licenses issued by the Financial Regulatory Commission (FRC) of Mongolia.
About Lendable.
Lendable believes in creating a more equitable and sustainable world through data and finance. Lendable is a leading debt finance provider to market leading companies across pre-frontier, frontier and emerging markets that create access to new financial products and services for un- and under-banked populations. Lendable uses its proprietary technology, Maestro, to help investors understand risk and impact in the markets where it operates. Lendable’s team is based in over 10 countries giving an on-the-ground presence. As of April 2025, Lendable has disbursed over $600m.
Lendable Group consists of Lendable Inc, Dynolabs Asset Management Ltd, Dyno Labs Limited, Lendable PTE. LTD, Lendable Analytics LLC and Lendable Asset Management LLC.
About Delphos
Delphos is the definitive source for arranging innovative financial solutions for development companies and projects. We specialize in raising long-term, competitively priced capital for corporates, fund managers, developers, SMEs, sovereigns, and entrepreneurs around the world. Since 1987, we have arranged more than $20 billion in development finance to support the efforts of over 1,200 companies. We tap into the resources of more than 350 government agencies and multilateral organizations worldwide to help clients realize their international business goals and have sustainable impact. In addition to our capital raising efforts, Delphos provides market-leading transaction advisory and investment/risk management consulting services to government and private sector clients across multiple industries. We are approved advisors to AfDB, DFC, IDB Invest, IFC, USAID, US Ex-Im Bank, USTDA, WBG, leading private equity firms, infrastructure developers and strategic investors, and foreign governments and utilities.
For more information: delphos.co