Liwwa Inc.
Status: Investment in contracting phaseWhy 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 prospective customer?
Liwwa Inc. (“Liwwa”) is a FinTech that provides trade and working capital finance to un(der)served small businesses in Jordan and recently Egypt. It deploys its technology across operations, credit underwriting, and an online marketplace for loans (peer-to-peer lending).
What is our funding objective?
FMO will participate in the pre-Series B fund raise of Liwwa with an additional USD 500,000 from the FMO Ventures Program to unlock balance sheet growth and allow the Company to scale its activities in Jordan and Egypt.
Why do we want to fund this investment?
Liwwa provides trade and working capital finance to un(der)served small businesses in Jordan and recently Egypt and thereby contributes to sustainable economic growth and job creation across the MENA region.
What is the Environmental and Social categorization rationale?
Liwwa is categorized as an E&S B-risk, which is based on the E&S risk profile of the underlying transaction. It has no exposure to high risk E&S sectors.
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 |
| 2/27/2019 | EUR 0.02 MLN |
| 5/12/2020 | USD 0.50 MLN |
- Website customer/investment
- https://www.liwwa.com/
- Region
- Asia
- Country
- Jordan
- Sector
- Financial Institutions
- Publication date
- 11/29/2022
- Total FMO financing
- USD 0.50 MLN
- Funding
- Ventures Program Africa EurNb
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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