Oliver Sabga, Chief Executive Officer of Term Finance, has doubled down on his company’s commitment to Barbados. He praises Prime Minister Mia Mottley’s administration’s leadership as a key factor in the island’s growing appeal to investors.
Speaking on a recent radio interview in Barbados, Sabga emphasized that strong governance, infrastructure development, and renewed confidence in the country have fuelled Term Finance’s aggressive expansion in the region.
Just two years after acquiring FastCash across the Caribbean in 2023, Term Finance has secured another major deal—purchasing Axcel Finance, a well-known regional lender. The acquisitions cement Term Finance’s position as a dominant player in the Caribbean’s credit market, with all three brands operating at full strength in Barbados.
When asked why Barbados was central to Term Finance’s rapid growth, Sabga pointed to the Mottley administration’s role in revitalizing the economy.
“The government’s leadership has driven significant infrastructure work on the island, but more importantly, it has restored confidence among investors. People now believe in Barbados, and that’s a game-changer,” Sabga said.
The CEO also praised the talent within both FastCash and Axcel Finance, describing the employees inherited through these acquisitions as instrumental to the success of Term Finance’s operations. “We have gained incredible teams through these deals, and that’s a major advantage for us,” he noted.
With all three brands now firmly established in Barbados, Term Finance strategically targets different credit market segments. FastCash focuses on medium—to long-term loans for debt consolidation and home repairs, Axcel Finance specializes in short-term emergency loans, and Term Finance, through its SME Lending subsidiary, provides much-needed cash flow and growth financing to micro, small, and medium-sized enterprises.
Sabga stressed that small businesses are the backbone of Barbados’ economy and reaffirmed his company’s commitment to supporting their growth. “SMEs play a crucial role in driving economic activity and job creation. We aim to ensure they have the financial tools to succeed,” he said.
As Term Finance continues its regional expansion, its strong focus on Barbados sends a clear message—the island is open for business, and investors are taking notice.
