LIWWA INC
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Liwwa is a crowdfunding platform based in Jordan that supports MSMEs
What is our funding objective?
Liwwa Inc. (liwwa) is a FinTech start-up that operates a crowdfunding platform to provide trade finance to un(der)served small businesses. Liwwa started operations in March 2015 and targets MSMEs in Jordan. These MSMEs benefit from an online loan application process and marketplace function, while retail investors can crowdfund ‘campaigns’ based on the credit assessment, loan structuring and pricing determined by Liwwa.
Why do we fund this investment?
This project has three objectives that will collectively strengthen the operations of liwwa: i) improving liwwa’s KYC and AML function, ii) Legal framework assessment and iii) assessing liwwa’s lending activities against CPP standards and provide recommendations for improvements.
More investments
| Date | Total FMO financing |
|---|---|
| 6/26/2023 | EUR 0.04 MLN |
| 6/1/2021 | USD 0.50 MLN |
| 10/13/2021 | EUR 0.01 MLN |
| 12/13/2019 | USD 1.50 MLN |
| 1/14/2020 | EUR 0.02 MLN |
| 5/12/2020 | USD 0.50 MLN |
| 12/29/2022 | USD 0.50 MLN |
- Website customer/investment
- https://www.liwwa.com/
- Region
- Asia
- Country
- Jordan
- Sector
- Financial Institutions
- Effective date
- 8/29/2018
- End date
- 2/27/2019
- Total FMO financing
- EUR 0.02 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C