#Lulalend

[invetsmentsandmore]

@kikirikina1 @krisymiriam @krispybluebirdstarlight

Area For One Extra Digital Financial institution? - financialserviceslife

[noncyowen]

Strategic thinking needed to access real-time affordable funding for SMEs

Strategic thinking needed to access real-time affordable funding for SMEs

There exists a common myth in the small- and medium-sized entity (SME) community globally that only struggling businesses take on debt. The opposite is true, says Tom Stuart, chief marketing officer of fintech lender Lulalend. “Most successful businesses take on debt to actually grow.” A survey by TransUnion, a credit bureau that maintains consumer and business data, indicated that half of the 10…

[mtamar2020]

Strategic thinking needed to access real-time affordable funding for SMEs

Strategic thinking needed to access real-time affordable funding for SMEs

There exists a common myth in the small- and medium-sized entity (SME) community globally that only struggling businesses take on debt. The opposite is true, says Tom Stuart, chief marketing officer of fintech lender Lulalend. “Most successful businesses take on debt to actually grow.” A survey by TransUnion, a credit bureau that maintains consumer and business data, indicated that half of the 10…

[un-enfant-immature]

Hear about investing in African tech at Disrupt SF with Marieme Diop, Wale Ayeni and Sheel Mohnot

If you’re a VC or founder in London, Bangalore or San Francisco, you’ll likely interact with some part of Africa’s tech landscape for the first time — or more — in the near future. When measured by monetary values, the continent’s tech ecosystem is small by Shenzhen or Silicon Valley standards.

But when you look at year-over-year expansion in venture capital, startup formation and tech hubs, it’s one of the fastest-growing tech markets in the world.

Join us at TechCrunch Disrupt SF where we will host a Q&A session on VC in Africa with Orange Digital Ventures’ Marieme Diop, International Finance Organization‘s Wale Ayeni and 500 Startups’ Sheel Mohnot, three Africa-based investors who bring plenty of experience screening startups across its top tech hubs. We’ll open up the bulk of the session to allow Disrupt attendees to ask questions of each speaker.

Marieme Diop oversees Africa VC investments at Orange Digital Ventures, the funding arm of France’s largest telecom, Orange.

Under her tutelage, Orange Digital Ventures  (ODV) participated in a $16 million round for South African fintech startup Yoco and the $8.6 million round to Africa’s Talking—a Pan-African business enterprise software startup.

Formed in 2017, ODV is a €150 fund with €50 allocated for Africa, according to Diop. Orange was one of the early investors in Africa focused e-commerce unicorn, Jumia, which recently went public in a NYSE IPO.

Diop is also working to bridge the resource gap for startups in French-speaking Africa — or 24 of the continent’s 54 countries.

This year she was a co-founder of Dakar Angels Network, a seed fund offering $25,000 to $100,000 investments and entrepreneurial guidance to early-stage ventures in Francophone Africa.

Wale Ayeni leads the IFC venture capital practice focused on Sub-Saharan Africa — IFC is part of the World Bank Group. The IFC’s venture capital team focuses on technology companies in frontier markets, and has deployed ~$800 million in early/growth-stage tech investments over the past decade.

Recent funding includes co-leading a $6.5 million Series A round in South African fintech company Lulalend and participating in one of the larger tech investments in African tech this year — the $20 million Series A round raised by Nigerian trucking logistics startup Kobo360.

Sheel Mohnot leads fintech investments for 500 Startups . The San Francisco based accelerator has been out front on Africa, taking its Geeks on a Plane tour to the continent in 2017, and racking up over 40 Africa related investments, according to Mohnot.

He recently led 500 Startups’ seed-stage investment in Chipper Cash, an Africa focused cross-border payment venture.

Startups building financial technologies for Africa’s 1.2 billion population are gaining greater attention of investors. As a sector, fintech (or financial inclusion) attracted 50% of the estimated $1.1 billion funding to African startups in 2018, according to Partech.

So bring your bring your questions on investing in fintech and other sectors in Africa to Disrupt SF on October 4, where speakers Diop, Ayeni, and Mohnot will take the Q&A stage to share their expert insights.

Diving deep into Africa’s blossoming tech scene

[metabloks]

South African SME finance startup Lulalend raises $6.5M Series A https://ift.tt/2Lj0bWE

[dizzedcom]

South African SME finance startup Lulalend raises $6.5M Series A

South African SME finance startup Lulalend raises $6.5M Series A

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital.

The Cape Town based startup uses an online application process and internal credit metrics to provide short-term loans to small and medium sized businesses that are often unable to obtain working capital.

Lulalend will use the round to build its tech and data team and improve its…

[greatmachinconglomerate-blog]

South African SME finance startup Lulalend raises $6.5M Series A https://ift.tt/2X64WF0

[good2breal]

Fast and easy Small Business funding We move as fast as your business. Apply today with absolutely no commitment and get access to R20,000 – R250,000 Fast & Simple Application Apply in minutes and receive funding in hours. No paperwork, no hidden fees and no branch visits. We Say 'Yes' More Using the latest technology, we make decisions based on your real business performance. Completely Flexible Repay as soon as you like and save. No early repayment fees, ever! South Africa's Only Online Provider of Business Funding We are experts in what we do and provide the highest level of security. How it works Apply online Apply online for free. We just need some basic details about you and your business and aim to get you approved in minutes. Receive your decision You will be provided a decision in minutes – no paperwork, no waiting, no commitment. Our fees are transparent and easy to understand so that you know exactly how much needs to be repaid. Get funded Business funding of R20,000 to R250,000 - we aim to have the funds in your bank account within 2 business days. Repay in standard installments over 6 months. Or choose to pay early with no penalty fee! What will I pay? We've simplified the lending process with our 6 Month Plans. Every month, for six months, you pay back 1/6th of the total advanced amount plus the monthly cost. Costs are 5% - 12% of your selected amount for the first 2 months and 1% for each of the remaining 4 months. You can pay early and save. What requirements do clients need to meet in order to qualify for funding with Lulalend: • The business must make a monthly turnover of R40,000 • The business must have been running for 12 months Get approved for up to R250,000 today. No fees, no commitments. Click on the link below to apply for funding to grow your business... https://www.lulalend.co.za/?a=W3ApGj7o Please do contact me or send me an email confirming that you have applied for a loan by clicking on my referral link. Many thanks, To your success, Mark John Waite Skype: good2breal Mobile: 081 271 4228 Email: markjw1959@gmail.com Do you need a business loan? If your business has been operating for 1 year with an annual turnover of 500 000.00 and you require funding please feel free to apply... https://www.lulalend.co.za/?a=W3ApGj7o

[unctech-blog]

South African SME finance startup Lulalend raises $6.5M Series A

For More Visit : Read More Best Tech Blog : Tech-on-news.blogspot.com

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[techietrends]

South African SME finance startup Lulalend raises $6.5M Series A

[todddehn-blog]

South African SME finance startup Lulalend raises $6.5M Series A

http://dlvr.it/R7J7Jq

[un-enfant-immature]

Accion Venture Lab launches $23M inclusive fintech startup fund

Accion Venture Lab—the seed-stage investment arm of non-profit Accion—has raised $23 million for a new inclusive fintech startup fund.

The Accion Venture Lab Limited Partnership, as its called, will make seed-stage investments in inclusive fintech startups, defined as ventures that “that leverage technology to increase the reach, quality, and affordability of financial services for the under-served at scale,” per a company release.

The new fund was raised with capital contributions from a number of participants, including the Ford Foundation, Visa Inc. and Proparco—the development finance institution of the French government.

The additional $23 million brings Accion Venture Lab‘s total capital under management to $42 million.

The new LP fund will consider startups from any geography, as along as they meet specific criteria. Overall, Accion Venture Lab doesn’t have regional investment quotas, but does look to allocate roughly 25 to 30 percent of its funds to Africa, Accion Venture Lab Managing Director Tahira Dosani told TechCrunch on a call.

“We want to continue to focus on Latin-America, on Sub-Saharan Africa, on Southeast Asia as well as in the U.S. It really is about…where we see the need and the opportunity across the markets that we’re in,” she said.

In line with Accion’s mandate to boost financial inclusion globally, Accion Venture Lab already has a portfolio of 36 fintech startup investments across 5 continents—including 9 in the U.S., 8 in Latin America, and 8 in India.

“Our goal is to really be the that first institutional investor in the companies we invest in. That’s were we see the biggest capital gap. And it’s where we build capability and expertise,” Dosani said. In 2018, Accion Venture Lab successfully exited Indian fintech company Aye Finance, following exits in 2017 and 2016.

This year Accion Venture Lab supported a $6.5 million Series A investment in Lulalend, a South African startup that uses internal credit metrics to provide short-term loans to SMEs that are often unable to obtain working capital.

South African SME finance startup Lulalend raises $6.5M Series A

Accion’s new LP fund will follow past practice and make investments typically in the $500,000 range. It will start sourcing startups immediately through its investment leads around the world and already made its first seed financing to U.S. venture Joust—a fintech platform for gig economy workers.

Accion Venture Lab’s LP fund is the first time the organization has pooled third-party investment capital, according to a spokesperson.

On the appeal for those contributing, Dosani named Accion’s geographic reach and experience. “We think that’s our strength, because we’re able to invest in similar business models across different markets. And we’re able to bring that knowledge from one market to another,” she said.

The Ford Foundation contributed $2 million, according to an email from Christine Looney, Deputy Director, Mission Investments. Visa didn’t disclose its capital contribution, but told TechCrunch it will play a role in governance through its participation in a Limited Partners Advisory Committee for the new fund.

As a point of observation, Accion Venture Lab stands out as a fund for giving an equal pitch footing to fintech ventures across frontier, emerging, and developed markets from Lagos to London.

Accion’s new LP fund—along with the organization’s commitment to make nearly a third of its investments in Africa—means more capital to digital finance startups on the continent. By a number of estimates, Africa’s 1.2 billion people still represent the largest share of the world’s unbanked and underbanked population.

[loganspace]

[NEWS] South African SME finance startup Lulalend raises $6.5M Series A - Loganspace

[NEWS] South African SME finance startup Lulalend raises $6.5M Series A – Loganspace

South African digital lenderLulalendhas raised a $6.5 million Series A spherical co-led by IFC and Quona Capital.

The Cape Town primarily primarily primarily based startup uses a internet utility project and inside of credit rating metrics to present non permanent loans to cramped and medium sized companies that are in overall unable to develop working capital.

Lulalend will utilize the…

[oddepia]

South African SME finance startup Lulalend raises $6.5M Series A – TechCrunch

South African SME finance startup Lulalend raises $6.5M Series A – TechCrunch

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South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital.

The Cape Town based startup uses an online application process and internal credit metrics to provide short-term loans to small and medium sized businesses that are often unable to obtain working capital.

Lulalend will use the round to build its tech and data team and improve…

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