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Ultra Financier Limited has demonstrated proof of concept in under two months as it lent $250 million (US$1.63 million) in the burgeoning luxury asset-based lending space in Jamaica.
Microlending outfit Dolla Financial Services Limited (DFS) has obtained approval for its wholly-owned subsidiary, Ultra Financier Limited (UFL) and will be opening the doors to its targeted high-net-worth clients on November 1.