Supreme Ventures has announced that initial discussions are underway with Dolla Financial Services, aimed at divesting Evolve Loan Co's loan portfolio and selected assets, including its digital lending solutions, to the company.
If completed, the transaction would see Evolve shift to an asset-light business model, focusing on loan origination, digital enablement, and fee-based income, rather than holding loans on its balance sheet.
Supreme Ventures says this approach is expected to improve returns on capital while lowering overall risk.
For Dolla Financial Services, the potential acquisition would expand its microcredit operations and strengthen its lending platform.
Chief Executive Officer Kenroy Kerr says the move would increase scale and improve growth prospects, while supporting inclusive financing.
According to Gary Peart, Executive Chairman of Supreme Ventures, the proposed deal reflects disciplined capital allocation, aimed at strengthening the group's financial position while preserving long-term value.
Supreme Ventures would retain a 15 per cent equity stake in Dolla Financial Services.
The companies say details are still being finalised, and any transaction will require approval from the Bank of Jamaica.
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