KINGSTON, Jamaica — A significant strategic realignment is underway in Jamaica’s financial sector as Supreme Ventures Limited has entered preliminary negotiations with Dolla Financial Services Limited concerning the divestiture of Evolve Loan Co’s loan portfolio and select digital assets.
The proposed transaction, announced Wednesday, forms part of a deliberate capital optimization strategy designed to enhance balance sheet efficiency for Supreme Ventures. The move aims to reduce credit risk concentration while improving risk-adjusted returns, all while maintaining strategic exposure to the portfolio’s future performance.
This divestiture will catalyze a fundamental operational transformation for Evolve Loan Co, shifting it toward an asset-light business model. The restructured entity will concentrate strategically on loan origination services, digital platform enablement, and developing fee-based revenue streams—a transition expected to boost capital returns while mitigating balance sheet vulnerabilities.
For acquiring entity Dolla Financial Services, this acquisition represents a strategic expansion that significantly scales operations and fortifies its lending infrastructure. Company CEO Kenroy Kerr emphasized that the transaction “meaningfully expands our microcredit footprint and reinforces our commitment to inclusive financing,” anticipating substantial positive impact on the company’s loan book balance and growth trajectory.
Supreme Ventures will maintain financial exposure to future value creation through retained 15% equity ownership in Dolla Financial Services Limited. Executive Chairman Gary Peart characterized the move as reflecting “disciplined capital allocation and a clear focus on shareholder value,” strengthening immediate financial positioning while preserving long-term upside potential through a more scalable operational structure.
Final transaction details remain under negotiation pending regulatory approval from the Bank of Jamaica.