Micro-Financing Solutions Rebrands as Monolith Financial Services

• Local private equity firm, MFS Capital Partners (MFS CAP), has announced that its subsidiary, Micro-Financing Solutions (MFS) Limited, has rebranded and will now operate as Monolith Financial Services (MFS) Limited.
• The name change is said to align with the company’s evolution and its current strategic focus on providing a diverse suite of financial solutions to meet the needs of a broad client base.
• The rebranding reflects the company’s broader mission of fostering economic growth and inclusivity through a variety of financial solutions, while to its parent company, MFS Capital Partners, Monolith is set to be that stable foundation around which, the company will build out its portfolio of subsidiaries. 
• Having begun operations in 2010, Monolith Financial Services has transitioned from its initial offerings of micro-loans to a comprehensive range of financial services, comprising FX trading, remittances, bill payment services, and private credit from its three locations across Kingston.
• While the company no longer offers microloans as a part of its suite of products, the rebrand signifies the company’s continued commitment to financial inclusion by offering innovative and accessible financial solutions tailored to varying needs.

(Source: JSE)