Ovamba was founded in 2013 in the US by long-time friends, Viola Llewellyn and Marvin Cole, who saw an opportunity to help empower fellow entrepreneurs in Africa by providing them with the access to finance needed in order to flourish their businesses. The problem they were solving was twofold; firstly, banks were slow and ill-equipped to adapt to meet the demands of fast moving African small businesses; and secondly, banks’ limited due diligence procedures made it hard for entrepreneurs with no previous track record to get started. Marvin and Viola decided to combine their experience of the finance and technology sectors and build a platform that would offer fast access to business growth support delivered via mobile phone. Complementing its world-class technology, the platform further set itself apart by offering the ability to analyse real-time risk in Africa based on deep traditional and cultural knowledge from on-the-ground teams, thereby creating a system of both technical and local know-how.ovamba.com
Chevy Chase, MD, USA
Founded in 2013Inaccurate data? Flag it here.
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