Making its impression felt in Fin Tech and Digital Health & Wellness space

Delta Capital Partners (Delta) is coming to Barbados with a suite of high-impact products and services geared toward disrupting digital commerce and health services.

The Jamaica-based private equity (PE) group is finalising several transactions to launch a payments platform and a technology enabled medical service in Barbados in the coming weeks.

Ivan Carter, group CEO and proud Barbadian, was candid in pointing out that, from Delta’s perspective, Barbados provides a very welcoming environment for foreign investment and to do business.

According to Carter, as an investment PE group, Delta enters relationships with companies and entities from around the globe that offer high-impact solutions to challenges facing the Caribbean region and work with these organisations to set up local operations through various structures. These solutions must be innovative and aligned with Delta’s purpose of raising the lives and livelihood of Caribbean people. 

CRITICAL CHALLENGES

While the Delta Group operates across various lines of business, its primary focus is in the fintech payments and digital health and wellness spaces.

Carter asserts that, “limited access to secure, innovative, cost-effective, and convenient payments products along with a high incidence of non-communicable diseases (NCDs), are among the most critical challenges currently affecting Caribbean peoples. We aim to democratise financial services by increasing access and creating more opportunities for everyone, using cutting-edge technologies. Our products and services are cashless and paperless!”

The pandemic accelerated the widespread acceptance of digital payments from mere convenience to necessity and created a market for the delivery of even more innovative, cost-effective, easy, and secure payment solutions.

Within the Barbados market, Delta will be launching a FinTech Payments Platform, initially with credit cards, debit cards, and a digital wallet. The platform will be quickly built-out to include products such as digital gift cards; digital point-of-sale (POS) using smartphones; a crypto and digital currencies exchange; online lending facilitation; and other e-commerce related tools. The payments products were developed in Jamaica, the United States, Canada, and Spain, in many cases by entrepreneurs with Caribbean heritage.

They are backed by MasterCard and will be accepted locally and internationally.

“Similarly, we intend to raise the quality of public health by providing solutions that dramatically reduce the incidence of chronic NCDs across the region, directly increasing the life expectancy of Caribbean peoples and reducing the enormous costs to regional governments in managing these diseases.”

TRANSFORMATIVE HEALTH AND WELLNESS SOLUTION

Carter was passionate in outlining the transformative health and wellness solution that Delta will introduce to the Barbados market.

“The Telehealth platform was developed in the UK by leading medical practitioners and provides online-first support, focusing on reversing type-2 diabetes and obesity without the use of medication. Typical treatment for type-2 diabetes is via multiple medications including insulin. Our platform changes that approach to treating diabetes and obesity by bringing together medical experts and researchers, with specialist doctors, nurses, dieticians, and psychologists into a protocol to reverse type-2 diabetes and obesity. Utilising nutrition and lifestyle changes, technology, and virtual interactions, the team guides individuals to take control of their health without medication and with a healthy mindset. This solution is already operational in the UK, Brazil, Malaysia and will be rolled out in Barbados and Thailand in 2022.”

Carter indicated that other NCDs, including mental health, respiratory, and heart diseases, will be added to the slate soon.

It was further explained that while some products will soon hit the market in Barbados, others will be first launched in Jamaica and that Delta’s horizon is the entire Caribbean and selected LATAM countries. Delta already has a number of portfolio investments in extra-regional geographies.

Ivan Carter spent over 35 years as a senior executive with the Sagicor Group in Barbados and Jamaica and moved on in 2020 to join the private equity world.

At Sagicor Group Jamaica, Carter held the position of group chief financial officer as well as group chief information officer.

A resident of Jamaica, Carter has led successful transformational initiatives and many M&A projects over many years.

He has a deep passion to uplift the Caribbean region.

He teamed with Executive Chairman Zachary Harding and Chief Investments Officer Anthony Dunn, to found Delta Capital Partners Group in 2020. 

Harding, a renowned strategic and award-winning marketer has led several top brands in Jamaica and has been special advisor to both Jamaica’s prime minister and minister of tourism.

Anthony Dunn is the former treasurer of a leading energy firm and a large manufacturing and financial services conglomerate in Jamaica.

Dunn brings invaluable experience and knowledge of private equity and alternative funds management to the team.

These managing partners are supported by a cadre of multi-talented professionals, skilled in various disciplines.

To date, the Delta Group has amassed an impressive portfolio of companies and is relentlessly pursuing growth with impact.

Earlier this year, Delta Capital Partners was awarded the Next 100 Global Award 2021- Private Equity Deal House by the UK-based Global Banking and Finance Review Journal.

In closing, Carter declared: “Look for the Delta Effect – as we say in Jamaica, Good things …soon come!”