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.
View Top Employees from Ovamba, Inc.Website | http://www.ovamba.com |
Revenue | $18 million |
Employees | 38 (38 on RocketReach) |
Founded | 2013 |
Address | 5425 Wisconsin Ave, Ste 600, Chevy Chase, Maryland 20815, US |
Phone | (301) 968-2360 |
Technologies |
JavaScript,
HTML,
Twitter
+20 more
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Industry | Finance General, FinTech, Specialized Finance, Finance, Financial Services, Trading Platform, Lending and Investments |
Web Rank | 16 Million |
Keywords | Ovamba Solutions |
Competitors | Crowdo, FrontFundr, Invesdor Nordics, Merchant Capital South Africa, Sharestates |
SIC | SIC Code 602 Companies, SIC Code 60 Companies |
NAICS | NAICS Code 522110 Companies, NAICS Code 5221 Companies, NAICS Code 52211 Companies, NAICS Code 52 Companies, NAICS Code 522 Companies |
Looking for a particular Ovamba, Inc. employee's phone or email?
The Ovamba, Inc. annual revenue was $18 million in 2024.
Viola Llewellyn is the President and Co-Founder of Ovamba, Inc..
38 people are employed at Ovamba, Inc..
Ovamba, Inc. is based in Chevy Chase, Maryland.
The NAICS codes for Ovamba, Inc. are [522110, 5221, 52211, 52, 522].
The SIC codes for Ovamba, Inc. are [602, 60].