Dolla plans to lend $100M through new Portmore branch in six months

Microfinance firm Dolla Financial expects to unlend $100 million through its recently opened Portmore branch in the next six months.  The branch, located at Sunshine Outlet Mall at Braeton Parkway, will significantly increase Dolla Financial’s bottom line for the year ending December 31, 2022, according to CEO Kadeen Mairs.  “As Portmore pushes for parish status […]

Dolla going big after JSE listing

Due to the insatiable demand which came as a result of its historic listing on the Jamaica Stock Exchange (JSE) Junior Market, Dolla Financial Services Limited will be raising new capital in the form of a bond to meet the rising demand for its loan products. The microcredit company, which listed on June 15, set […]

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 […]