Supreme Ventures Acquires Majority Stake In Mckayla Financial Services

• Supreme Ventures Limited, through its subsidiary Supreme Ventures Fintech Limited, has announced the purchase of a 51% majority shareholding in McKayla Financial Services Limited, a Kingston-based microfinance company.
• An incorporated company since 2002, Mckayla Financial Services Ltd focuses on business loans, micro and small loans supported by DBJ and MIDA (Micro Investment Development Agency Limited). Additionally, the company is engaged in receivables, factoring financing, as well as personal loans, consumer loans, and insurance premium financing.
• The acquisition is aligned with SVL’s growth strategy, which has expanded beyond the gaming market and is now making headway into other growth industries, such as the micro-lending space, with significant potential to meet the ever-growing needs of an extensive consumer base.

(Source: JSE)