FMO leads equity investment into liwwa

Region:

Middle East & Africa

Dutch development bank FMO led an equity investment into liwwa - a technology-enabled lender focused on providing capital to small businesses in Jordan and Egypt - for a total of $6 million. Additionally, liwwa raised $15 million in debt.

Other equity investors include 500 Startups, Chris Larsen, Edgo VC, EFG-EV, and Wamda. Existing investors Bank al Etihad, DASH Ventures and Silicon Badia also participated in the financing. The equity round marks liwwa’s expansion into Egypt.

liwwa employs technology across its operation to deliver loans of up to $100,000 to qualifying borrowers in approximately two days.

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