Jordanian fintech liwwa received a $5 million financing from the US International Development Finance Corporation. It is, a P2P lending network founded in 2013 by Ahmed Moor and Samer Atiani, connects investors and small businesses through smart business loans.
It may now finance more SMEs in diverse sectors with the latest financial infusion.
It’s previous investment round was $18.5 million in pre-Series B stock and debt in 2022.
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Maryam Khosharay, Acting Vice President of DFC’s Office of Small Business and Financial Services, said, “DFC is pleased to partner with liwwa to promote lending to underserved small and medium sized businesses in Jordan. This partnership will help unlock working capital to help grow businesses, create jobs, and improve livelihoods.”
Commenting on the significance of this collaboration, Dennis Ardis, CEO of liwwa, stated, “We are incredibly proud of our partnership with DFC. We appreciate the trust placed in us and are committed to leveraging the facility to drive positive impact and sustainable growth.”
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This strategy builds on it’s success in the Jordanian fintech ecosystem, where it has helped many SMEs across sectors obtain credit. It empowers entrepreneurs and transforms the economy with its cutting-edge technology and customer-centric strategy.
About Liwwa
Liwwa a financing company for small and medium-sized companies with a credit decision within 48 hours
