Ultra Financier’s loan book grows to quarter-billion-dollars
Recently formed asset-based company Ultra Financier Limited (Ultra) has grown its loan book to $250 million in the first two months of operations. The company, a wholly-owned subsidiary of Dolla Financial Services Limited (Dolla) began operations on October 21, 2022. Ultra provides asset-based financing to high net-worth individuals, for which there is high demand. It also reported […]
Dolla Financial Services Limited Donates One Million Dollars To JSE Telethon
A most delighted Dr Marlene Street Forrest is flanked by major donors, directors Christopher Yeung (left) and Kadeen Mairs, directors of Dolla Financial Services Limited. Dolla Financial Services Limited’s directors, Kadeen Mairs and Christopher Yeung, present Dr. Marlene Street Forrest, Managing Director of Jamaica Stock Exchange (JSE), with donation of $1 Million towards the JSE […]
Dolla Guyana makes mark as new lender
DOLLA Guyana, which is relatively new to the lending market in the south Caribbean nation and which officially opened in 2021, is targeting public sector employees in its first year, with management reporting sigificant inroads among this group. Dolla Guyana’s Country Manager Aldane Tomlinson says since opening, the branch has promptly given financing to a large […]
Dolla Financial to be listed on JSE Junior Market tomorrow
Dolla Financial Services is tomorrow (June 15) to become the latest listed company on the Jamaica Stock Exchange (JSE).
Dolla basis of allotment out
FTER successfully garnering more than $5 billion for a $500-million combined initial public offering (IPO) and offer for sale in less than a day, Dolla Financial Services Limited has published the basis of allotment for the various pools of investors who bought into the offer. Dolla, a microcredit company, took in $250 million from the […]
Dolla Financial Services Limited 4th Listing For 2022 And 99th Company To List On The JSE
Dolla Financial Services Limited (DOLLA) became the 45th company listed on the Junior Market of the Jamaica Stock Exchange (JSE) and the 145th security listed on the Exchange, overall. DOLLA’s Initial Public Offer (IPO) was oversubscribed by approximately 950%. The Company raised over $4.762 billion from the offer; however, the value of the offer was […]
Dolla Financial IPO oversubscribed by $4 billion
Having set out to raise $500 million through the sale of shares to the public, Dolla Financial Services successfully closed its initial public offering (IPO) on the first day of opening to the market. In fact, according to the company, it was oversubscribed by $4 billion on Friday, which is a massive show of support […]
DOLLA FINANCIAL SECURES $425 MILLION IN PRIVATE FUNDING
Jamaican micro-financing firm Dolla Financial Services has raised $425 million from private investors so far this year. It has also engaged VM Wealth as a financial advisor, an indication that it is looking to launch an initial public offering soon. Dolla Financial, earlier this month, raised $200 million with an institutional investor. It previously raised […]
FROM LOANS OFFICER TO CEO: DOLLA FINANCIAL BOSS SHARES SUCCESS STORY
Kadeen Mairs’ journey from loans officer to CEO At age 24, Kadeen Mairs took a bold decision to leave his job as a loans officer at a commercial bank and set up M24 Investments, offering loans to microbusinesses in Lucea, Hanover. The Westmoreland native later sold his ownership stake in the business to an investment […]
From loans officer to CEO: Dolla Financial boss shares success story
At age 24, Kadeen Mairs took a bold decision to leave his job as a loans officer at a commercial bank and set up M24 Investments, offering loans to microbusinesses in Lucea, Hanover.