Lamar Holding
Office 152, Building 205, Road 2803, Block 428, Al Seef, Bahrain
Overview
Lamar Holding oversees the diverse business and philanthropic interests of a wide number of prominent investors. We are focused on growth-orientated, entrepreneurial opportunities that create long-term value for all stakeholders. Lamar’s strength is measured in its team, presence, partners and projects
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Energy
Investment portfolio
- TechAdvance
Led · Equity · Aug 2019
TechAdvance is a Lagos-based payments infrastructure company founded in 2009 by CEO Edmund Olotu that builds payments applications across six platforms (Transfer2Africa, GPay, PayElectricity Bill, Bus.com.ng, Pay.me, and Bill.com.ng). The firm says it is shifting from a technology BPO provider to a player in digital financial services and transportation software. TechAdvance has through subsidiaries acquired a microfinance bank and obtained an approval in principle from the Central Bank of Nigeria for a PSSP license. It also received approval for a payment solution service provider (PSSP) license from the Central Bank of Bahrain. The company secured $1 million in external funding from Bahrain’s Lamar Holding and says the funds will support emerging-market expansion and the launch of a digital bank. TechAdvance was included in the London Stock Exchange Group’s Companies To Inspire Africa 2019 report.