F88 Joint Stock Business Company (F88) has successfully secured a $30 million USD (approximately VND 780 billion) funding agreement with Lendable, an international financial organization headquartered in London, UK. The loan provided by Lendable to F88 has a three-year term.
Previously, Lendable has supported F88 multiple times in 2022 and 2023 with limits ranging from $5 to $10 million USD. With this new $30 million USD loan, the total funding provided by Lendable to F88 has reached nearly $70 million USD.
According to F88’s representative, the new loan from Lendable will be utilized to boost business operations, expand its scale, and work towards achieving its goals of a 30% revenue growth and a 30% increase in total customers in 2025.
The Q1/2025 financial report demonstrates F88’s consistent growth over five consecutive quarters. In the first three months of this year, F88 disbursed VND 3,284 billion (a 25% increase compared to the same period last year), achieved VND 820 billion in revenue (a 21.5% increase), and recorded a 204.2% surge in pre-tax profit, reaching VND 132 billion. Projections for Q2/2025 indicate a 5%-10% increase in loan balances and disbursements, along with a 20% rise in pre-tax profit compared to Q1.
On May 6, 2025, the State Securities Commission of Vietnam (SSC) confirmed that F88 Investment Joint Stock Company (F88) met the requirements to become a public company under the Securities Law. As a result, the company has 30 days to register for trading its shares on the UPCoM exchange, marking the first step towards official listing on Vietnam’s stock exchange.
Lendable is a provider of debt capital to fintech companies across frontier and emerging markets, aiming to enhance financial inclusion for underserved populations with limited access to banking services. The organization finances fintech companies specializing in consumer credit, lending to micro, small, and medium-sized enterprises (MSMEs), purchasing production tools, payments, remittances, and digital markets. Headquartered in London, Lendable currently operates in 17 countries and territories worldwide.
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