StockMarketWire.com - GLI Finance, a leading investor in the alternative finance sector, has invested $1.28m in return for a 20% equity stake in Ovamba Solutions, Inc, the Africa-focused peer-to-business investment platform.

GLI Finance chief executive, Geoff Miller, will also join Ovamba's board of directors. Ovamba is the first peer-to-business lending platform in francophone Africa, and also one of the first market lending platforms to offer investment opportunities to individuals and institutions in Sub-Saharan Africa. It was established to address two issues: solve the problem of restricted access to affordable credit for the small and medium enterprise sector of Africa; and, connect accredited and institutional investors to viable investment opportunities with good returns.




Story provided by StockMarketWire.com