Dolla IPO makes history! 10x oversubscribed!

The Initial Public Offer (IPO) for Dolla Financial Services made Junior Market history on Friday, receiving a reported JM$5 billion in subscriptions withing just a few hours of opening.  The offer closed on Friday afternoon. According to company representatives, the Dolla IPO was the largest raise in the history of the Junior Market of the Jamaica […]

The Dolla Financial story

WRITING stories about the determination of several people to achieve success in business, over the last few weeks, has certainly pushed many to reach out to me to have other stories told. As I write each week, I am forced to realise that it takes a special breed to dream of running and a business […]

Jamaican equity firm buys into soap and candle making company in The Bahamas

NASSAU, Bahamas (CMC) — The Jamaica-based private equity firm FirstRock Private Equity Limited has acquired a 26 per cent stake in the local hand-made soap and candle company, My Ocean, under a deal brokered by the Bahamas-based company Simplified Lending. “The minority equity position by a regional player in The Bahamas is evidence of the […]

Dolla Financial secures $425 million in private funding

Jamaican micro-financing firm Dolla Financial Services has raised $425 million from private investors so far this year.  It has also engaged VM Wealth as a financial advisor, an indication that it is looking to launch an initial public offering soon. Dolla Financial, earlier this month, raised $200 million with an institutional investor. It previously raised […]

Dolla Financial brokers deal with Derrimon Group

Jamaica-based regional microfinance lender Dolla Financial has signed a deal with distribution company Derrimon Group. The deal brings Derrimon into the micro-loans sector. However, Derrimon’s involvement will be limited to its staff, customers and contractors. The deal will see Dolla Financial being the preferred finance partner for Derrimon’s employees and contractors. With this deal now in […]

From loans officer to CEO: Dolla Financial boss shares success story

At age 24, Kadeen Mairs took a bold decision to leave his job as a loans officer at a commercial bank and set up M24 Investments, offering loans to microbusinesses in Lucea, Hanover. The Westmoreland native later sold his ownership stake in the business to an investment brokerage firm in 2014, with his loan portfolio later […]

FirstRock Private Equity acquires stake in Bahamian company

Private equity firm FirstRock Private Equity Limited, out of Barbados, has entered into a definitive agreement with Bahamian manufacturer and retailer My Ocean Limited to purchase a minority interest in the company. FirstRock Private Equity is a member of First Rock Group but is not an affiliate or a subsidiary of FirstRock Capital Holdings, which is […]

Dolla Financial expands to Guyana with plans for rapid growth

Dolla Financial

Jamaican microfinance outlet Dolla Financial Services has expanded to Guyana, establishing a local subsidiary there, which is poised for rapid expansion. Dolla Financial, which is a part of the FirstRock Capital Holdings group, has set up Dolla Financial Services (Guyana), which has just commenced operations. Dolla Financial Services Guyana is the first private microfinance outlet to […]