Jordan’s liwwa secures $5 million loan from DFC
Summary
Jordan-based fintech liwwa has secured a $5 million loan from the United States International Development Finance Corporation (DFC). liwwas last funding round was in 2022, when it raised $18.5 million in a pre-Series B round of equity and debt.In a significant stride towards advancing financial inclusion and bolstering small and medium enterprises (SMEs) in Jordan, liwwa is excited to announce the signing of a $5 million loan agreement with the United States International Development Finance Corporation (DFC).This collaboration marks a pivotal moment in furthering the growth and sustainability of SMEs in Jordan. By partnering with liwwa, DFC aims to enhance the resilience of SMEs in Jordan, catalyzing job creation and fostering socio-economic progress.Maryam Khosharay, Acting Vice President of DFCs Office of Small Business and Financial Services, said, DFC is pleased to partner with liwwa to promote lending to underserved small and medium sized businesses in Jordan. "This strategic initiative builds upon liwwas track record of success in the Jordanian financial technology (fintech) ecosystem, where it has facilitated access to finance for numerous SMEs across various sectors. Through its cutting-edge technological platform and customer-centric approach, liwwa remains dedicated to empowering entrepreneurs and driving economic transformation.