Ovamba Solutions, Inc.

📍 Chevy Chase, United States🗓 Founded 2013👥 37 employees💰 Last funded Jul 2017
Investment Management🌐 ovamba.com
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Ovamba was founded in 2013 in the US by long-time friends, Viola Llewellyn and Marvin Cole, who saw an opportunity to help empower fellow entrepreneurs in Africa by providing them with the access to finance needed in order to flourish their businesses. The problem they were solving was twofold; firstly, banks were slow and ill-equipped to adapt to meet the demands of fast moving African small businesses; and secondly, banks’ limited due diligence procedures made it hard for entrepreneurs with no previous track record to get started. Marvin and Viola decided to combine their experience of the finance and technology sectors and build a platform that would offer fast access to business growth support delivered via mobile phone. Complementing its world-class technology, the platform further set itself apart by offering the ability to analyse real-time risk in Africa based on deep traditional and cultural knowledge from on-the-ground teams, thereby creating a system of both technical and local know-how. In 2014, Ovamba attracted significant investment from UK-based GLI Finance, whose backers include Blackrock Global, AXA Investment Managers and Barclays Wealth. Ovamba then set up its first operations in Cameroon – a country with over 200 local languages, Muslim and Christian communities, and an economy almost entirely comprised of SMEs. It was the perfect place to prove the model. With a strong track record of successful transactions, in 2016 Ovamba attracted further investment from other investment platforms, such as Crowdcredit. This has enabled Ovamba to expand its operations across the border into Northern Nigeria and in South Africa, with a new office in Johannesburg.
2
Total investors
0
Early stage
1
Mid stage
0
Late stage
2013
Founded

Investors

2 investors
All
Early stage
Mid stage
Late stage
Investor geography1 country
United States
2
Frequently asked questions
Who invested in Ovamba Solutions, Inc.?
Ovamba Solutions, Inc. has 2 investors on record on gritt.io, 1 mid-stage.
When did Ovamba Solutions, Inc. last raise funding?
The most recent investment in Ovamba Solutions, Inc. recorded on gritt.io was in July 2017.
When was Ovamba Solutions, Inc. founded?
Ovamba Solutions, Inc. was founded in 2013.
What industry is Ovamba Solutions, Inc. in?
Ovamba Solutions, Inc. operates in Investment Management. Find similar Investment Management investors on gritt.io.
Where is Ovamba Solutions, Inc. based?
Ovamba Solutions, Inc. is headquartered in Chevy Chase, United States.