KINGSTON, Jamaica — Supreme Ventures Limited is restructuring its credit exposure as part of a broader balance-sheet realignment, entering early-stage negotiations to transfer Evolve Loan Co’s loan portfolio and selected operating assets to Dolla Financial Services Limited.
The proposed transaction, still subject to approval from the Bank of Jamaica and completion of definitive terms, marks a strategic pivot rather than an exit from the credit space. Upon completion, Evolve Loan Co is expected to transition into a leaner, technology-driven operation centered on loan origination, servicing, and digital distribution rather than balance-sheet lending.
For Supreme Ventures, the move sharpens capital efficiency and reduces concentration risk tied to consumer credit, freeing resources for higher-return deployment across the group. Management has framed the initiative as a deliberate recalibration of risk, not a retreat.
Dolla Financial, meanwhile, stands to significantly deepen its micro-lending presence. Absorbing Evolve’s portfolio would increase scale, diversify borrower exposure, and reinforce its lending infrastructure as demand for short-term credit continues to rise.
Despite the divestment, Supreme Ventures will maintain a strategic link to the portfolio’s performance through a retained minority stake—approximately 15 percent—in Dolla Financial, ensuring continued participation in future upside without direct balance-sheet strain.
Executives on both sides have characterized the discussions as growth-oriented and complementary, aligning capital discipline with expansion ambitions in Jamaica’s fast-evolving financial services landscape.
