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Monday, August 03, 2026

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Lamin Jaiteh

About Uuganbayar Tserendorj

https://lend.mn/mn/

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Fintech LendMN Raises $20 million USD to Drive Tech-led Financial Inclusion for MSMEs in Mongolia

April 24 2025

Mongolia's first digital lending fintech, LendMN, a subsidiary of AND Global, has today announced a $20 million USD debt financing from Lendable, a leading debt finance provider to leading technology-enabled companies in emerging and frontier markets that focuses on promoting a more economically just and environmentally sustainable world. The transaction, for which Delphos, a premier advisor in private emerging markets, served as exclusive financial advisor, marks the first time a Mongolian fintech company has raised such a substantial amount in the sector. The goal is to drive tech-led financial inclusion for MSMEs in the country. The fintech’s service focuses on bringing financial accessibility and inclusivity to the underbanked. AND Global is a leading fintech company that has created multiple businesses to promote financial inclusion across Southeast Asia.