Vietnamese alternative financial services provider F88 has secured a US$30 million loan from Lendable, bringing the total financial support it has received from the London-based lending platform to US$70 million.

The three-year loan was signed just a few days after Vietnam’s State Securities Commission announced that F88 has qualified for a publicly-listed status.

The company plans to list on the Ho Chi Minh City Stock Exchange in early 2027 with an expected market capitalization of around $1 billion. Prior to that, its shares will be traded on the country’s Unlisted Public Company Market ( UPCoM ) this July.

“F88 is the first company in Vietnam to receive such a large loan with a long-term commitment from Lendable, reflecting their confidence in our strategic direction, operational efficiency, and risk management capabilities,” F88 chairman and chief executive officer Phung Anh Tuan tells The Asset.

Lendable, a leading debt finance provider in Britain, had provided funding to F88 several times in 2022 and 2023.

The Vietnamese microfinance firm will use the fresh loan to drive business growth and expand operations. It aims to achieve a 30% revenue growth and increase the number of its customers by 30% this year.

The company runs almost 900 branches across Vietnam. It is collaborating with international financial partners such as Ark Asia Secured Private Debt Holdings and GreenArc Capital, with total borrowing limits exceeding US$170 million.

In the first quarter of 2025, F88 disbursed loans amounting to 3.28 trillion dong ( US$126.44 million ), up 25% from a year ago.

In April, Vietnamese firm FiinRatings upgraded the company’s outlook to “favourable” from “stable”, citing its improved asset quality, flexible funding capabilities, and leading position in peer-to-peer lending in the country.