Description

Ovamba provides micro, small and medium sized businesses in Africa and the GCC with short-term trade and growth capital with funding sourced from international investors in the US, UK and Japan. Technology is at the core of Ovamba's business. From its proprietary risk management system that compiles over 500 data points to determine a SMEs risk profile before disbursing an investors' funds to drones and GPS tracking to ensure goods warehoused and transported by Ovamba on behalf of a customer are secure. Ovamba's digital platform is creating a database of risk information not currently available on a notable scale in Africa's traditional banking sector as well as improving that database through a machine learning processes.

Overview

Inception 2013Number of Clients100+
HeadquarterUSANumber of Partners3
FoundersMarvin Cole, Viola LlewellynStage of DevelopmentFunded (Seed, A, B, C Rounds)
Team Size10-24
Geographic Diversity AsiaMoney Raised FromInvestors
YearYear Total revenue growth $MTotal Funding Raised $MTotal Funding Expected $M
5-10

ASQUISTIONS

DateCompanyAmount
12 May, 2017

Differentiating factors/Innovation points

Technology is at the core of Ovamba's business.

Industry Awards

FinTech Africa 2016 - Financing and Lending category 

Website

Comments

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