Based in Amman, Jordan, Liwwa connects small businesses in need of capital with people who want to invest in them. The company’s peer-to-peer lease-to-own model addresses the capital access and interest-free investor return opportunities. Liwwa conducts in-house reviews of a small business's creditability and enables them to pay a monthly fee to investors. Founded in 2013, Liwwa raised seed funding with DASH Ventures, al Etihad, and MENA Venture Investments, which it plans to use to hire several
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Fintastico Team
7 months
https://www.microcapital.org/microcapital-brief...
MICROCAPITAL BRIEF: Fintech Liwwa Raises $21m in Debt, Equity for SME Lending Platform in Egypt, Jordan from Investors Including FMO, 500 Startups, Edgo, EFG-EV, Chris Larsen, Wamda - MicroCapital
Jordan-based financial technology (fintech) firm Liwwa recently borrowed USD 15 million to expand its facilitation of loans to small or medium-sized enterprises (SMEs) in Egypt and Jordan. Liwwa also raised equity totalling USD 6 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Netherlands Development Finance Company; 500 Startups; Edgo VC, the venture capital (VC) armContinue reading →
Fintastico Team
8 months, 1 week
https://www.wamda.com/2020/02/wamda-invests-fin...
Wamda invests in fintech startup Liwwa - Wamda
Wamda has participated in Amman-based Liwwa's $6 million investment round. The investment was led by FMO, the Dutch Entrepreneurial...