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Ovamba Solutions Inc

Ovamba connects diasporan African investors who want to lend with African businesses that want to borrow

  • Stage Product In Development
  • Industry Financial Services
  • Location Chevy Chase, MD, USA
  • Currency USD
  • Founded April 2013
  • Employees 6
  • Website ovamba.com

Company Summary

Founded in 2013, company allows diasporan and local investors to earn an attractive rate of return by lending funds securely to small businesses via an online / mobile platform using a portfolio approach • We are Lendingclub for Africa - connecting 44 million overseas Africans to 24 million small businesses underserved by banks.

Team

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    Marvin R R Cole
    CEO

    Marvin Cole is the Managing Director of Ovamba. As the founder of Praxis Asset Management, an emerging markets private equity firm – Mr. Cole brings best practice due diligence and deal structuring to the Ovamba platform. Prior to starting Ovamba – Mr. Cole served as a strategy consultant with McKinsey and Co.’s Johannesburg Office. Mr Cole has advised Pan African banks on underwriting systems, and has previously been a Deloitte PE advisor

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    Viola Llewellyn
    COO

    Ms. Llewellyn has over 15 years of experience in project management and consulting from the technology and government sectors. She has worked on global public projects for companies such as Unisys Corporation, IBM, Wang, BearingPoint and Rothschild. She was instrumental in building a $50MM hedge fund where she led investor communications, industry association PACs and asset management divisions.

Advisors

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    http://www.herrick.com/
    Lawyer
    Unconfirmed

Previous Investors

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    Angel - Robert Sheahan
    Unconfirmed
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    Angel - Gregory Campbell
    Unconfirmed
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    Founders Institute
    Unconfirmed