86 indexable Alternative Lending companies headquartered in South Africa, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $556.9M across 15 funded companies.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
Jumo
Online marketplace for consumer & business loans and mobile-based banking channels |
$304.5M | $400M as of 2021 |
Series D | Venture Debt Dec 2025 | 242 | 2015 | ↑ Active |
| 2 |
Lula
Provider of an internet-first bank offering digital banking services for businesses |
$41.5M | — | Series B | Conventional Debt Feb 2026 | 145 | 2014 | ↑ Active |
| 3 |
Float
Provider of a point-of-sale financing solutions |
$13.6M | — | Seed | Seed Sep 2025 | — | 2020 | ↑ Active |
| 4 |
UsPlus
Working capital financing via invoice factoring |
$14.2M | — | Seed | Seed Jan 2025 | 6 | 2015 | ↑ Active |
| 5 |
NFTfi
Provider of an online platform for NFT-based lending |
$15M | — | Series A | ICO Jun 2024 | 19 | 2017 | — |
| 6 |
Paymenow
App-based employee benefits management solutions for businesses |
$230.3K | — | Seed | Conventional Debt Jul 2025 | 29 | 2019 | ↑ Active |
| 7 |
Britecap
Candidate database for blue-collar workforce |
$120M | — | Series B | Conventional Debt Jan 2021 | 40 | 2003 | — |
| 8 |
Retail Capital
Provider of flexible, unsecured business funding to small and medium enterprises |
$41.7M | — | Acquired | Conventional Debt 2021 | 188 | 2011 | — |
| 9 |
Floatpays
Cloud-based financial benefits platform for on-demand pay |
$4.1M | — | Seed | Seed Jan 2022 | 19 | 2019 | — |
| 10 |
MortgageMarket
Comparison platform for residential mortgages |
$1.2M | — | Seed | Seed Feb 2021 | 23 | 2018 | — |
| 11 |
CreditAIs
API-based alternative credit scores for small-sized businesses |
$100K | — | Funding Raised | Grant (prize money) Sep 2022 | 3 | 2020 | — |
| 12 |
MoneyWorks
Provider of invoice financing platform for businesses |
$296.8K | — | Seed | Seed Oct 2020 | 2 | 2018 | — |
| 13 |
Fincheck
Financial products comparison website |
$287.6K | — | Seed | Seed Aug 2019 | — | 2015 | — |
| 14 |
LayUp Technologies
Online platform for point of sale financing |
$140K | — | Seed | Seed 2017 | 13 | 2017 | — |
| 15 |
CommuScore
Software provider for informal savings schemes, and alternative credit scoring based on data |
$70K | — | Deadpooled | Seed Nov 2017 | — | 2017 | — |
| 16 |
Everlectric
Provider of electric vehicle fleet transition, charging infrastructure, and finance solutions |
— | — | Seed | Venture Debt Feb 2025 | 2 | 2020 | ↑ Active |
| 17 |
Pumpkn
Provider of financial solutions for agricultural and food SMEs. It offers various financing options, including working capital loans, asset financing, and invoice financing, designed to support businesses at different growth stages. The firm provides tailored funding to meet specific needs, assessing each applicant's situation rather than solely relying on credit scores. A tiered funding approach allows businesses to access progressively larger loan amounts as they demonstrate financial reliability and growth. The application process is designed for speed and efficiency, with funds often disbursed quickly upon approval. |
— | — | Seed | Seed Jul 2024 | 2 | — | ↑ Active |
| 18 |
Fleeker
Online lending platform for building credit scores |
— | — | Deadpooled | Seed Mar 2022 | — | 2018 | — |
| 19 |
FundingHub
Provider of a business finance marketplace connecting SMEs with lenders |
— | — | Acquired | Seed Aug 2021 | 6 | 2016 | — |
| 20 |
Payabill
Provider of digital lending solutions and international and local trade finance |
— | — | Seed | Seed Feb 2019 | — | 2015 | — |
| 21 |
Merchant Capital
Merchant cash advance provider |
— | — | Seed | Seed 2013 | 46 | 2012 | — |
| 22 |
Addendum
Lending solutions platform |
— | — | Unfunded | — | — | 2014 | — |
| 23 |
Airvantage
Airtime advance, and other financial services provider |
— | — | Unfunded | — | 29 | 2005 | — |
| 24 |
Bayport
Personal loans platform |
— | — | Unfunded | — | — | 2004 | — |
| 25 | Bayport Financial Services | — | — | Acquired | — | 3,145 | 2004 | — |
| 26 |
Bayside Finance
Provider of a platform that offers bridging finance and short term personal finance |
— | — | Deadpooled | — | — | 2014 | — |
| 27 |
Bettr App
Provider of tools to manage income streams and build credit |
— | — | Funding Raised | — | 16 | 2015 | — |
| 28 |
Bizcash
Online invoice financing platform |
— | — | Unfunded | — | — | 2015 | — |
| 29 |
Bridgement
Online invoice financing platform |
— | — | Funding Raised | — | 20 | 2016 | — |
| 30 |
Carerott
Networking platform for students for mentorship and finance |
— | — | Deadpooled | — | — | 2014 | — |
| 31 |
Cash Flow Capital
Provides merchant cash advance |
— | — | Unfunded | — | 65 | 2014 | — |
| 32 |
Cashcat
Provider of an online loan comparison and application platform. It aggregates loan offers from various lenders, allowing users to compare options and apply directly through the platform. The service simplifies the loan application process by providing a centralized point of access and facilitating the comparison of terms and conditions from different financial institutions. This streamlines the process for borrowers seeking personal loans, enabling them to find suitable financing options efficiently. The platform aims to improve transparency and convenience in the loan application process. |
— | — | Unfunded | — | — | 2019 | — |
| 33 |
chama money
Chama Money enables stokvels to operate online in an easy, safe and transparent way. |
— | — | Deadpooled | — | 2 | 2021 | — |
| 34 |
Clyronex
Platform offering cash management solutions |
— | — | Unfunded | — | — | 2016 | — |
| 35 |
create optimal group
Create Optimal Group help business owners make their money work through digital working capital tools, goal setting and investments. |
— | — | Private | — | — | 2016 | — |
| 36 | Crunch Africa | — | — | Private | — | 2 | 2020 | — |
| 37 |
Debt Rescue
Provider of debt counselling and debt review services |
— | — | Acquired | — | 70 | 2008 | — |
| 38 |
Debt-Savvy
Online debt management platform for consumers |
— | — | Unfunded | — | — | 2017 | — |
| 39 |
Delter
Software solutions for micro lending industry |
— | — | Unfunded | — | 33 | 2003 | — |
| 40 |
fasta
FASTA is an finance that offers instant online credit, digital lending, virtual card and secure payment solutions. |
— | — | Private | — | 13 | 2017 | — |
| 41 |
finch technologies
Finch Technologies is a financial technology company that develops solutions for businesses in underdeveloped countries. |
— | — | Private | — | 18 | 2015 | — |
| 42 |
Finfind
Online marketplace for business loans |
— | — | Funding Raised | — | 21 | 2015 | — |
| 43 |
Finwell
Online platform for consumer debt settlement |
— | — | Unfunded | — | 92 | 2014 | — |
| 44 |
forus
FORUS is a public utility blockchain and ecosystem solution that provides a single, global, universal and trusted. |
— | — | Private | — | 12 | 2016 | — |
| 45 |
Fractal Labs
Banking software suite |
— | — | Unfunded | — | — | 2019 | — |
| 46 |
Fundi
South Africa-based educational finance provider. |
— | — | Unfunded | — | 7 | 1996 | — |
| 47 |
Global Finance
Online lending platform for personal loans |
— | — | Unfunded | — | — | 2000 | — |
| 48 |
Investmint
Online lending marketplace for business loans |
— | — | Unfunded | — | — | 2018 | — |
| 49 |
Izwe Loans
Provider of unsecured loans in Africa. |
— | — | Funding Raised | — | 101 | 2004 | — |
| 50 |
Izweafrica
Provider of secured and unsecured loans, savings, and investment solutions. This entity offers financial services to individuals and small businesses. Services include short-term loans and various savings and investment products designed to help customers grow their finances. A focus on accessibility and efficiency is central to its service delivery model. The firm also emphasizes responsible lending practices to mitigate financial risk for both the customer and the institution. |
— | — | Funding Raised | — | — | 2004 | — |
Jumo is an online marketplace for consumer & business loans and mobile-based banking channels. It offers lending products that enables entrepreneurs to avail loans & asset finance. The loan amount, life cycle, and repayment method can be configured based on the individual's requirements. It offers an AI-powered technology stack that connects banks with traditionally inaccessible customers and enables banks to deploy
Provider of an internet-first bank offering digital banking services for businesses. It provides users with a platform that offers banking services to freelancers, startups, growing businesses or SMEs, and more, by allowing them to open business accounts with deposits, business bank cards, payments, transfers, receive payments, savings, cash flow management, and more. It also offers multiple business loans, with a re
Provider of a point-of-sale financing solutions. It provides users with a payment platform that allows users to buy now and pay later with their existing credit card. It also offers convenience and financial control to customers without the need for new credit applications or traditional interest charges associated with credit cards.
UsPlus provides working capital financing to MSMEs via the invoice factoring method, by buying invoices with payment periods of 3-60 days. The application process is online, and once set, the platform can be accessed via mobile or desktop for uploading of invoices. UsPlus claims to have ultra-competitive pricing in the shorter invoice periods (21 days or less).
Provider of an online platform for NFT-based lending. It offers a P2P marketplace that enables users to borrow and lend by securing NFTs as collateral. Users can provide ERC-721 tokens as collateral and request loans. Once accepted, ETH is paid to the users and the collaterals are locked in the NFTfi smart contract.
App-based employee benefits management solutions for businesses. It offers solutions for employee wellness, employee data management, bill payment, and more. The application is available for iOS and Android platforms.
Bride cap is a candidate database for sourcing blue collar workforce. Employers can search for candidates ,shortlist and then request contact info. Candidates register on the platform with their skills. Claims to vet all its candidates. It's free for both job seekers and employers.
Provider of flexible, unsecured business funding to small and medium enterprises. It offers funding solutions tailored to various business needs, managing funding requirements through an online platform. The company provides unsecured funding with flexible repayment options, requiring healthy business turnover and proof of ownership. It focuses on supporting businesses that may not qualify for traditional bank loans,
Cloud-based financial benefits platform for on-demand pay. The platform allows employees to register on the platform and allows them to withdraw their earned wages. The platform deposits requested money to the employee's bank account without the approval of employers. It can be integrated with the payroll system and also provides statements of transactions. It is available on the Google Play Store and Apple App Store
Mortgage Market offers a comparison platform for residential mortgages. Users need to upload the details related to the loan amount, loan term, existing address, and more via the portal. Mortgage Markets provides the user with a list of mortgage loans offered by different banks according to the entered details. It also provides a loan calculator in order to calculate the assigned credit limit.
API-based alternative credit scores for small-sized businesses. It offers a solution that enables lenders to obtain credit scores of businesses using alternative data. It features predictive insights based on machine learning models that enable lenders to perform informed lending decisions.
MoneyWorks is an invoice financing platform for businesses. It connects buyers seeking supply chain financing with lenders. The buyers undergo a credit risk assessment to determine their loan ranking and interest rate. The loan contract is then prepared, monthly repayments collected and the loan repayment is disbursed digitally.
Triodos Investment Management
Imvelo Ventures
Standard Bank
1kx
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4DX Ventures
54 Collective
A.Capital Ventures
Accion
AlphaCode
Angel Investment Network
Animoca Brands
Anthemis Group
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-22.
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