Ultra Financier’s loan book grows to quarter-billion-dollars

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 […]

Dolla Financial Services Limited Donates One Million Dollars To JSE Telethon

Dolla Financial Services

A most delighted Dr Marlene Street Forrest is flanked by major donors, directors Christopher Yeung (left) and Kadeen Mairs, directors of Dolla Financial Services Limited. Dolla Financial Services Limited’s directors, Kadeen Mairs and Christopher Yeung, present Dr. Marlene Street Forrest, Managing Director of Jamaica Stock Exchange (JSE), with donation of $1 Million towards the JSE […]

Dolla Financial Services Limited 4th Listing For 2022 And 99th Company To List On The JSE

Dolla Financial Services Limited (DOLLA) became the 45th company listed on the Junior Market of the Jamaica Stock Exchange (JSE) and the 145th security listed on the Exchange, overall. DOLLA’s Initial Public Offer (IPO) was oversubscribed by approximately 950%. The Company raised over $4.762 billion from the offer; however, the value of the offer was […]

Dolla Guyana makes mark as new lender

DOLLA Guyana, which is relatively new to the lending market in the south Caribbean nation and which officially opened in 2021, is targeting public sector employees in its first year, with management reporting sigificant inroads among this group. Dolla Guyana’s Country Manager Aldane Tomlinson says since opening, the branch has promptly given financing to a large […]

Dolla basis of allotment out

FTER successfully garnering more than $5 billion for a $500-million combined initial public offering (IPO) and offer for sale in less than a day, Dolla Financial Services Limited has published the basis of allotment for the various pools of investors who bought into the offer. Dolla, a microcredit company, took in $250 million from the […]

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 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 […]

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 Financial IPO oversubscribed by $4 billion

Kadeen Mairs

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 […]