- Appointment of Chris Wehbe as CEO and Daniel Goldfarb as Exec Chairman
- Reaches profitability, surpassing $100m of AUM and on track for $200m by EOY
23 June 2021, London Lendable is today announcing that Laurie Spengler has joined its board. Spengler is a non-executive director of the CDC Group and board member at the UK Impact Investing Institute and Bridges Insights. This follows the recent appointment of Chris Wehbe as CEO and Daniel Goldfarb as Executive Chair.
The appointments come as the technology-enabled impact investment firm reaches profitability. Over the last 12 months it has widened its geographic focus from East Africa and is disbursing in excess of US$10 million per month to high growth fintech companies across Africa, Asia and increasingly Latin America.
Daniel Goldfarb, Co-Founder and Executive Chairman, says, “Laurie joining our board and Chris taking on the CEO role gives Lendable a fresh infusion of leadership experience, as we scale and prove excellence. I’ve known Laurie for years and have always looked to her for advice and guidance as one of the most respected voices in impact investing. She has raised, structured, and advised some of the most innovative impact initiatives over the last 20 years.”
Spengler joins Ameya Upadhyay, Venture Partner at Flourish Venture and Amar Inamdar, Managing Director at Kawasafi Ventures as the Non-Executive directors at Lendable.
Laurie Spengler says, “I am delighted to be joining the Lendable Board at this particular moment in the firm’s dynamic development. Having known the team for a few years I am keen to contribute to the company’s accelerating growth trajectory. Lendable’s data-driven approach to underwriting and managing risk is a game-changer in our industry and responds to the expanding need for swift, smart and sustainable fintech solutions.”