Dolla Financial sees six-fold rise in profit
Dolla Financial made a six-fold rise in profit of $59.2 million for its June quarter of 2022 compared to $9.1 million a year earlier. “Dolla’s second-quarter ending June 30, marked a significant milestone in the company’s growth and development,” said Kadeen Mairs, CEO of Dolla in the financial results. The company’s revenue totalled $144 million […]
Dolla Financial and RTA Biz partner on energy financing
Local firm RTA Biz Energy Solutions has partnered with Dolla Financial Services to provide its clients with access to financing for its alternative energy solutions. Through the “Dolla Green Energy Loan”, Jamaicans can access up to 80 percent financing from Dolla Financial for products such as solar panels, solar water heaters and generators supplied and installed by […]
FirstRock PE Sees Tenfold Gain On Investment In Dolla Financial
Steven Jackson/ – Senior Business Reporter The largest shareholder in Dolla Financial, First Rock Private Equity, FRPE, has seen a tenfold increase in the value of its investment in the microlender a year after its acquisitions. FRPE purchased 75 percent of Dolla Financial Services Limited for US$1.1 million in 2021 from affiliated company First Rock […]
Dolla Financial to be listed on JSE Junior Market tomorrow
Dolla Financial Services is tomorrow (June 15) to become the latest listed company on the Jamaica Stock Exchange (JSE). This would bring the total listed companies in Jamaica to 99. The micro-financier, which has operations in Jamaica and Guyana, will be listed on the Junior Market of the JSE after the exchange’s Listing Committee gave […]
Dolla Financial IPO oversubscribed by a massive J$4.5 billion
Seeking to raise J$500 million through its initial public offer (IPO), Dolla Financial Services’ equity raise was oversubscribed by more than J$4 billion on its first day today (May 27), signaling significant faith in the microfinance company headed by CEO Kadeen Mairs. With more than $5 billion in applications, Dolla Financial now boasts one of, […]
Dolla Catapults Past its Targets
Dolla Financial Services Limited’s initial public offering (IPO) opened on Friday during which investors purchased ordinary shares for $1 as the microlending company looked to raise $250 million in fresh equity capital through the issuance of shares. “The company over the last two years has been carefully executing a pan-Caribbean strategy in the markets considered […]
Dolla Financial IPO oversubscribed by $4 billion
Having set out to raise $500 million through the sale of shares to the public, Dolla Financial Services successfully closed its initial public offering (IPO) on the first day of opening to the market. In fact, according to the company, it was oversubscribed by $4 billion on Friday, which is a massive show of support […]
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 […]