Ovamba Solutions
Investment Management, 5425 Ave Ste 600, Chevy Chase, Maryland, Wisconsin, 20815, United States, 11-50 Employees
Phone Number: 20********
Who is OVAMBA SOLUTIONS
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 th...
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Headquarters: 5425 Wisconsin Ave Ste 600, Chevy Chase, Maryland, 20815, United States
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Date Founded: 2013
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Employees: 11-50
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Revenue: $10 Million to $25 Million
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Active Tech Stack: See technologies
Industry: Investment Management
SIC Code: 4813
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NAICS Code: 561499 |
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Frequently Asked Questions Regarding Ovamba Solutions
Answer: Ovamba Solutions's headquarters are located at 5425 Ave Ste 600, Chevy Chase, Maryland, Wisconsin, 20815, United States
Answer: Ovamba Solutions's phone number is 20********
Answer: Ovamba Solutions's official website is https://ovamba.com
Answer: Ovamba Solutions's revenue is $10 Million to $25 Million
Answer: Ovamba Solutions's SIC: 4813
Answer: Ovamba Solutions's NAICS: 561499
Answer: Ovamba Solutions has 11-50 employees
Answer: Ovamba Solutions is in Investment Management
Answer: Ovamba Solutions contact info: Phone number: 20******** Website: https://ovamba.com
Answer: 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.
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