Supreme Ventures today announced that initial discussions are underway with Dolla Financial Services Limited aimed at the intended divestment of Evolve Loan Co’s loan portfolio and selected assets, including its digital lending solutions, to the company.   

The planned transaction represents a deliberate capital management initiative aimed at optimizing group balance sheet efficiency, reducing credit risk concentration, and improving risk-adjusted returns, while maintaining exposure to future value creation in the loan portfolio.  

Following the divestment, Evolve will pivot toward an asset-light operating model with a strategic focus on loan origination, digital enablement, and fee-based income streams. This shift is expected to improve returns on capital while reducing balance sheet risk.

The acquisition supports Dolla’s growth strategy by expanding scale and strengthening its lending platform. “This intended acquisition meaningfully expands our microcredit footprint and reinforces our commitment to inclusive financing. We believe it will have a positive and far-reaching impact on our loan book by improving balance, scale, and growth potential” stated Dolla Financial Group CEO Kenroy Kerr.  For Supreme Ventures, the transaction enhances capital flexibility while preserving participation in future value creation through its 15% equity ownership in Dolla Financial Services Limited.

“This transaction reflects disciplined capital allocation and a clear focus on shareholder value,” said Gary Peart, Executive Chairman of Supreme Ventures “We are strengthening the group’s financial position today while preserving long-term upside through a more scalable and capital-efficient structure.”

Details of the transaction are currently being finalized and are subject to the Bank of Jamaica approval.