Project detail - LIWWA INC

LIWWA INC

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Who is our client

liwwa Inc. (“liwwa”) is a FinTech that provides trade and working capital finance to un(der)served small businesses in Jordan. It deploys its technology across operations, credit underwriting, an online marketplace for loans (peer-to-peer lending). MSMEs benefit from quality customer service and the speed of liwwa's lending process, while retail investors can crowdfund ‘campaigns’ based on the credit assessment, loan structuring and pricing determined by liwwa. liwwa operates a hybrid funding model: 5 partner banks and liwwa fund campaigns alongside retail investors on the platform (liwwa.com).

Funding objective

liwwa started operation in March 2015 and targets a serviceable market of ~45.5k businesses in Jordan. The company aims to scale up, amongst others by further digitalization and expansion of the borrower acquisition strategy. FMO will provide equity financing from the MASSIF fund to strengthen the company's solvency positions, allows for further investment in technology and enable liwwa to replicate the business in Egypt.

Why we fund this project

liwwa has a unique brand in Jordan. Competitive advantages should allow the platform to replicate in the MENA region. liwwa targets a clearly defined client segment and gained traction in Jordan, amongst others by offering a Sharia-compliant loan product. The company has a strong management team that allows for innovation and learning, while executing on organizational development. Finally, the company received early-stage investments by reputable, local VC funds with MENA footprint. The company has an opportunity to scale operations across MENA further addressing the challenge of creating jobs in emerging economies.

Environmental and social rationale

Liwwa is categorized as an E&S B-risk. It has no exposure to high risk E&S sectors

More investments

Date Total FMO financing
6/29/2020 EUR 0.01 MLN
7/9/2019 EUR 0.02 MLN
8/29/2018 EUR 0.02 MLN
2/21/2018 USD 0.50 MLN
Website client
https://www.liwwa.com/
Region
Europe & Central Asia
Country
Jordan
Sector
Financial Institutions
Signing date
12/13/2019
Total FMO financing
USD 1.50 MLN
Fund
MASSIF
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