Genesis Financial Holdings has acquired shareholding in 20Twenty Financial Solutions to bolster the company’s mission to provide affordable housing finance solutions.
The acquisition is expected to accelerate the path to debt-free homeownership for Namibians.
20Twenty Financial Solutions, a wholly Namibian-owned company established in 2020, is known for its pioneering financing model that offers low-cost homeownership options to employees of registered companies.
As part of the deal, Genesis Financial Holdings founders Evangelina Nailenge and Ingah Ekandjo will also be actively involved in the company’s daily operations as Executive Directors.
“We are thrilled to welcome Evangelina and Ingah as strategic shareholders. Their extensive experience in the financial services industry will enhance our efforts to revolutionise home financing, attract local investor funding, and help more individuals to access homeownership,” said CEO and Co-Founder of 20Twenty Financial Solutions Gideon Cornelissen.
The partnership is expected to unlock new investment opportunities and reduce the cost of home ownership in Namibia, to the benefit of consumers, with an announcement regarding an adjacent distribution channel for 20Twenty Financial Solutions expected in the coming months.
“We are elated to join forces with 20Twenty Financial Solutions. Their innovative approach to home financing aligns perfectly with our mission to provide sustainable and client-focused financial solutions. Together, we aim to create even greater value for our clients and stakeholders,” said Nailenge.
On her part, Ekandjo said the strategic investment underscores Genesis’s confidence in 20Twenty’s vision and the potential for transformative impact in the home finance industry.
“Our combined strengths will pave the way for new opportunities and enhanced services, benefiting both companies and the customers we serve,” Ekandjo said.
20Twenty has emerged as a groundbreaking alternative in the housing finance market, offering inflation-linked home loans to employees of registered employer companies with 20Twenty.
The model reduces the total cost of ownership and reduces the risk of default, providing a more sustainable path to homeownership and wealth creation through reducing total interest cost with faster debt repayment.
