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 technology-enabled small business lender. The company provides debt financing targeted at Small and Medium Enterprises (“SMEs”) who are too large for microfinance but too small to rely fully on bank finance. It does so by developing proprietary technology to support loan origination, credit assessment, and loan funding, including an online investment platform for retail lenders.
What is our funding objective?
Liwwa has requested FMO to support it in developing its technology roadmap, and to identify the key capabilities that it will need in order to build the business.
Why do we fund this investment?
This project is highly aligned with the Massif priorities to stimulate financial inclusion in the MENA region, as well as the aims of the VC program.
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 |
| 2/27/2019 | 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
- 7/9/2019
- End date
- 1/14/2020
- 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) - B