Recently formed asset-based company Ultra Financier Limited (Ultra) has grown its loan book to $250 million in the first two months of operations.
The company, a wholly-owned subsidiary of Dolla Financial Services Limited (Dolla) began operations on October 21, 2022.
Ultra provides asset-based financing to high net-worth individuals, for which there is high demand.
It also reported that the portfolio has zero risk.
Ultra is led by experienced marketer David Henriques, who brings a wealth of experience in serving high-net-worth individuals.
Loans are offered up to $150 million and secured with high-valued assets.
According to CEO Henriques “The success of the Ultra brand in the short time we have been operating is an indication of the demand for asset-based financing and that this segment of the market is being underserved. Our customers place value on the flexibility of the Ultra product, the personalized, confidential service, and the fast approvals they receive”.