Goldfinch Supports Almavests $4.9M financing into Ghana-based Oya, and will increase the Senior Pool cap to $25M
The Goldfinch community is sharing two major developments today:
- The Goldfinch protocol has provided a $4.875M borrower pool for Almavest to finance a loan to Ghana-based company Oya Group
- Goldfinch will increase the cap on the Senior Pool by $5M (to $25M) on Thursday 16th September at 9am PST, in anticipation of a growing borrower pipeline
Borrower Spotlight: Oya Group
Website
Geography
Pan-Africa, including Ghana, Tanzania, Uganda, Liberia, and Sierra Leon
Borrower Pool
$4.875M, Pool Link
Description
Almavest, a debt financing platform focused on financing fintechs with a positive social impact, and repeat issuer on the Goldfinch platform, has once again brought a new venture, Oya Group to the Goldfinch platform. Oya is a Ghana-based micro-lender with a 10+ year track record. Their mission is to help support and grow small businesses across Africa by providing quick, and convenient access to credit. They now operate across Africa with subsidiaries in Tanzania, Uganda, Liberia, and Sierra Leone.
Oya provides short-term loans to Micro, Small, & Medium Enterprise (“MSME”) borrowers, focusing on small business traders, drivers, and local institutions to support their working capital and small asset financing needs. A few key facts on Oya:
- 82% of their borrowers are female
- 66% are between the ages of 26–55
- 59% continue to borrow from Oya every 2–3 months
Senior Pool cap will increase to $25M on Sept 16
The borrower pool with Oya is just the start of many more real-world teams coming to the Goldfinch platform. The pipeline is now shaping up to be over $200M in financing to real-world fintechs who are driving financial inclusion across the globe. In anticipation of this growing pipeline, the Senior Pool capacity will begin to increase on a more regular basis.
This will begin this week by raising the Senior Pool cap by $5M (to a total of $25M), this Thursday 16th September at 9am PST.
