Ovamba won first place in the “Africa Lending and Financing” category at the 2016 African Fintech Awards. The awards took place at the Sandton Convention Centre in Johannesburg on 13 October 2016. Votes were submitted online by industry luminaries and professionals from around the globe.
The Awards, which were part of the larger Finance Indaba Africa Expo, recognized FinTech innovators who have tackled the problem of financial inclusion for the millions of unbanked Africans. There are approximately 326 million Africans who could finally be brought into the mainstream economy through FinTech innovations. With well over 30,000 voters and an elite panel of 40 judges determining the eventual winner, Ovamba is thrilled to have made it to the top of an illustrious list of competing lenders and funders.
Ovamba has been actively funding businesses for almost two and half years. In that short time Ovamba has supported companies with almost 11 million Euro in funding. Internationally recognized for impacting the growth outlook for African SMEs, Ovamba has been attracting funding capital from institutional investors around the world.
Ovamba is dedicated in connecting investors with African businesses and distinguishes itself by delivering capital via its mobile app and web based platform. The co-founders and their team has developed “end-to-end” suites of products that give businesses access to products, inventory and services that can help them to grow and meet their full potential.
Speaking about the award, Marvin Cole, the CEO and Co-Founder of Ovamba had this to say: “As a company dedicated to delivering “Growth as a Service”® this recent win is a significant accomplishment for us and serves as validation that Ovamba is becoming a world class innovator and key player in the FinTech industry”. He also went on to say, “We know that technology is the key to long term success. The challenges of our customers guides our product and tech development.”
ABOUT FINANCE INDABA
The Finance Indaba is the biggest annual event for financial managers and specialists in Africa who want to know which partners can help them move forward. Visitors are looking for top financial perf…
Organized by CFO South Africa
Ovamba was Co-founded in 2013 in the USA by Viola Llewellyn and Marvin Cole. The company was created to address the funding gap left by the formal banking sector and Micro-Finance Institutions [MFIs] in Africa. To address this, Ovamba connects institutional investors with SMEs that require short term funding to import, purchase and sell inventory.