This article showcases our top picks for the best South Africa based Lending/Financing companies. These startups and companies are taking a variety of approaches to innovating the Lending/Financing industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top South Africa Lending/Financing Companies
Bright On Capital
Bright On Capital is a peer-to-peer online enterprise-lending platform, which serves as an online market place allowing SMEs to simply and quickly raise working capital funding from a wide-range of traditional and non-traditional lenders. Our lending partners include development funding institutions (“DFIs”), corporate enterprise development funds and other institutional investors.
Bright On has also partnered with a number of South African corporates, government and other large enterprises to provide their SME suppliers with the ability to raise affordable working capital funding on the back of their invoices that are payable by these large enterprises. The Bright On online platform provides SME suppliers with: Simple & easy online access to affordable working capital funding Rapid screening and credit decisioning Quick disbursement of funds..
In January 2011, Retail Capital was established to provide businesses with an accessible, flexible and convenient alternative to traditional business loans. In a survey sent to over 20,000 businesses, access to working capital and cash flow was identified as the single biggest challenge that they faced.
As small to medium sized business contribute over 65% of South Africa’s employment and 50% of the country’s GDP, this is a very significant problem for the South African economy, inhibiting job creation and growth.. .
LoanShop Isidingo Financial Services has its Head Office situated in the Sunnypark shopping centre in Sunnyside, Pretoria. The management and staff have many years practical experience in the micro finance industry and can assist you with great advice, before you take a loan.
Isidingo is the name you can trust when it comes to ethical business practices. The company is registered with the NCR (National Credit Regulator) and complies fully with the National Credit Act and its Regulations.
A full affordability check is also done on each client, before They grant a loan, to make sure that the client can afford the repayment.. .
The Click Cash App was officially launched in March 2020, and by August had +150K downloads and reached Top 5 in finance Apps in Brazil, with 4+ stars rating in Google Play Store and more than 9.5M USD / 50M BRL in received applications.. .
First Health Finance
First Health Finance began operating in 2008, and introduced South Africa to the concept of “Patient Finance”. First Health Finance provides medical payment plans to patients unable to afford the upfront cost of a medical procedure, or where medical aid does not cover the entire cost of the procedure.
FHF finances all types of medical procedures including plastic surgery, dental procedures, ophthalmic procedures, hearing aids, fertility treatment hair restoration and more. Payment plans are affordable and flexible, and amounts financed range between R5, 000 and R60, 000, however larger amounts are also considered.
The payment terms range between 6 and 36 months, ensuring all levels of affordability are catered for. Their turnaround times are exceptional, and Their aim is to provide clients with a very personal service throughout the application process, up until payment is made directly by FHF to the practitioner.
There are no reference numbers provided, no automated machines to talk to, just plain old personal service, from a real person! (View Their testimonial page to see what some of Their satisfied clients say) More than 2000 medical practices offer their patients finance through FHF, demonstrating the high level of service that has been provided to date. First Health Finance is the perfect solution, giving you the opportunity to have the medical procedure you have always wanted, when you want it.
There are no early settlement penalties, and pre payments are accepted in order to try fast path the payment of the facility.. .
Fundi is South Africa’s leading education finance and education fund management solution specialist. They are the only credit provider that focuses on providing funds for education.
Some of our achievements since 1996: – Assisted over 850 000 students with education funding to the collective value of R4.5 billion. – Pioneered South Africa’s first fund administration smart card solution, now called our FUNDI card.
Since then we have administered over R3-billion in bursary funds.. .
Merchant Capital South Africa
Merchant Capital provides SMEs in South Africa with lump sum, unsecured, cash advances within 24-48 hours in exchange for a fixed percentage of future card revenue. Merchant Capital is an alternative provider of working capital for SME’s.
It was started in response to the high failure rate among small businesses caused by lack of funding. Our vision is to become the leading provider of disruptive financial services products to small and medium businesses in emerging markets.
Because our company was created by entrepreneurs who really understand what running a business is about, we know small businesses can’t rely on easy access to traditional options. We also know there’s a need for trusty cash flow alternatives.
And this is why we use a unique funding and payment model to provide a working capital injection for growing businesses.. .
Boodle Life is a wonderful thing and Boodle believe They should all be living it to the full. With so many exciting avenues to explore, from raising a family to pursuing a passion, it’s a small wonder that opportunity and cash flow don’t always align.
It’s in these instances that Boodle offers some financial breathing space. Boodle temporary loans are a quick, safe and affordable way to bridge the gap between pay days, so you don’t have to miss out on any of life’s many-splendored experiences..
MediFin currently provides medical finance to individuals all over the country and is establishing new relationships with more and more practices on a daily basis. The majority of South Africans cannot afford to pay for any medical or dental procedure.
Even those fortunate few that can afford full comprehensive medical aid, cannot claim from their medical aid funds for a large variety of procedures, which are excluded. MediFin´s sole purpose is to assist normal South Africans to proceed with their desired, if not critical, medical procedures sooner rather than later..
Enjoy downloading our app https://lnkd.in/e6kUzgW :). .
Quick Consolidation Loans
Quick Consolidation Loans will be able to offer advice on the suitability of debt consolidation to your specific financial situation, as there are instances where it would prove unsuitable. Their consultants will be able to help you with regards to secured and unsecured debt consolidation, and advice as to which would be most favorable to your outstanding debts.
Operating on a national basis, They can also provide you with debt counseling or a debt review in South Africa. As mentioned, debt consolidation could save you on monthly payments and interest rates, which has made it a viable option for many.
To find out if debt consolidation in South Africa is an option for you, contact Quick Consolidation Loans today.. .
wanna loan? was created for a sole purpose. They noticed that there was a growing number of South Africans who struggled to access short-term-credit.
Therefore, Their mission is to create a solution that will lift the burden of denial-of-credit for the little things by providing small loans over short periods. In the face of the deficient climate, wanna loan? quickly became South Africa’s premier payday lending company..
Liquidity is the alternative lender for individuals who need access to money now. They aim to fill the gap in the South African lending market by serving clients who are overlooked by banks and do not have time to wait for traditional financial processes.
They are entrepreneurs and they understand the the ups and downs many people experience through out the year. It is with that fact in mind they strive to offer their customers taylor made solutions in as little as 24 hours.
Liquidity offers a number of solutions to satisfy a variety of different needs, with their decades of experience in numerous markets, there are no better hands through which to extract value from your assets or bridge the gaps between deals. Their on the ground management and dedicated staff will ensure that your experience is professional, efficient and thorough..
CEO Alipay Europe), Sergio Fogel (Co-Founder of dLocal), Benjamin Gleason & Thiago Alvarez (Founders of GuiaBolso), Markus Rinderer (Founder of PAY.ON), Alexander Muller (Founder of Kreditech) and Matthias Setzer (Global Payments Director at Facebook, and previously at Paypal & Naspers).. .
Matasis was co-founded by Manne Dipico and Zahid Faqui-Dawood, as a BEE investment vehicle aimed at meaningful participation in the South African economy. Ownership of Matasis was then expanded to include other Broad-Based Black investors.
It invests, structures and raises funding for management and leveraged buy outs, as well as strategic Black Economic Empowerment transactions Since inception, It has participated in a number of key transactions, principally in the Natural Resources and Allied Industries. Matasis’ investment strategy is to seek out successful investee companies where; it can add significant value through direct involvement, the rationale for the partnership is rooted in a genuine embrace of the transformation agenda, and the target company primarily, but not exclusively, operates in BEE sensitive markets..
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