Carey Olsen advises on Kenyan securitisation

Posted: 24/08/2018

Carey Olsen's corporate team in the Cayman Islands has represented Lendable, a tech-enabled finance platform, on its latest auto loan securitisation with Watu Credit, a Mombasa-based lender.
Lendable is mainstreaming off-balance sheet financing for alternative lenders whose customer base is small and micro businesses. Lendable’s risk engine, Maestro, digests and analyses individual monthly repayment data and alternative lender financials. It produces credit data and loan repayment forecasts that can meet the needs of global commercial lenders. 
The transaction will enable Watu to grow its capacity across Kenya  to finance the purchase of more 'boda bodas' (motorcycle taxis) on credit by more individuals. This latest transaction represents the ninth receivables financing deal done by Lendable in Kenya with Watu.
The Carey Olsen team was led by Partner Nick Bullmore and included Counsel Dylan Wiltermuth.

Add a Comment

  • *
  • *
  • *
  • *
  • Submit

It's easy to stay current with

Just sign up for our email updates!

Yes please! No thanks!