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Jamaican fintech company receives massive boost from Black-led Florida firm


Jamaican fintech company receives massive boost from Black-led Florida firm
Abu Mubarik Jan 6, 2021 at 03:00pm
Abu Mubarik
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Abu Mubarik is a journalist with years of experience in digital media. He loves football and tennis.
CEO of Blue Mahoe David Mullings. Photo Credit: miami.edu
A Black-led investment firm Blue Mahoe Capital Partners Inc has acquired a 40% equity stake in Jamaica-based microfinance company Sprint Financial Services Ltd (SFS). SFS is operated virtually, providing loans and customer solutions to Jamaicans.
The monetary value of the acquisition has not been declared but this can be considered significant as many banks and small businesses in Jamaica struggle to raise capital and expand their operations. In a statement, SFS founder Christopher Barrett said, the investment will position the company in a firm place for growth. ....

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