Solva provides working capital solutions and digital financial products targeted at MSMEs and consumers in Central Asia. The company says it has achieved the fastest credit approval level across all client segments and has assessed the credit eligibility of 50% of Kazakhstan residents, reflecting extensive credit risk expertise. Solva plans to scale its digital products to reach millions of micro, small, and medium enterprises and to boost job creation in the region. A portion of the new funding will support its ongoing transformation from a microfinance organisation into a fully licensed SME-focused bank, expected in 2024. That transformation is intended to increase the company’s capacity and financing outreach, introduce new funding sources from current accounts and deposits, and add transactional products to its offering. Solva emphasizes building a strong entrepreneurial community across Kazakhstan and Central Asia as part of its regional expansion strategy.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2024