Best Alternative Lending Companies in South Africa
The 86 best Alternative Lending companies in South Africa in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Jumo.
- Switzerland Alternative Lending Market Databook 2025-2029
Ranked: Best Alternative Lending companies in South Africa
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Addendum Lending solutions platform | — | — | Unfunded | — | 2014 | Emuel Schoeman Co-Founder & Managing Director | — | — |
| 2 | Airvantage Airtime advance, and other financial services provider | — | — | Unfunded | 29 | 2005 | — | — | — |
| 3 | Bayport Personal loans platform | — | — | Unfunded | — | 2004 | Grant Kurland Co-Founder | — | — |
| 4 | Bayport Financial Services Provider of unsecured credit products and services based in Sandton, Sout Africa. | — | — | Acquired | 3,145 | 2004 | — | — | — |
| 5 | Bayside Finance Provider of a platform that offers bridging finance and short term personal finance | — | — | Deadpooled | — | 2014 | Marc Bablot CEO & President | — | — |
| 6 | Bettr App Provider of tools to manage income streams and build credit | — | — | Funding Raised | 16 | 2015 | — | 5 signals New product | — |
| 7 | Bizcash Online invoice financing platform | — | — | Unfunded | — | 2015 | Martin Freeman CEO | — | — |
| 8 | Bridgement Online invoice financing platform | — | — | Funding Raised | 20 | 2016 | Daniel Goldberg Co-Founder and CEO | — | 3 job openings · 1 partnership |
Top 12 Alternative Lending companies in South Africa
#1
Series D · Cape Town, Western Cape · founded 2015 · 242 employees$304.5Mraised▾
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 loans, savings, and insurance services.
- Dec 2025Venture Debt$7.5M
- Nov 2021Series D$120M
- Sep 2020Series C$52M
- Feb 2020Series C$55M
#2
Series B · Cape Town, Western Cape · founded 2014 · 145 employees$41.5Mraised▾
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 repayment calculator on their platform, and allows businesses to offer buy now pay later financing loans to their customers.
- Feb 2026Conventional Debt$20M
- Nov 2025Conventional Debt$10M
- Feb 2023Series B$35M
- Jun 2021Conventional Debt$416.6K
#3
Seed · Rosebank, Province Of Eastern Cape · founded 2020$13.6Mraised▾
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.
- Sep 2025Seed$2.6M
- Mar 2024Conventional Debt$11M
#4
Seed · Randburg, Gauteng · founded 2015 · 6 employees$14.2Mraised▾
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).
- Jan 2025Seed$2M
- Dec 2023Conventional Debt$2.2M
- Jun 2022Conventional Debt$10M
#5
Series A · Cape Town, Western Cape · founded 2017 · 19 employees$15Mraised▾
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.
- Jun 2024ICO$70K
- Mar 2024Series A$6M
- Nov 2021Series A$5M
- Feb 2021Seed$890K
#6
Seed · Stellenbosch, Western Cape · founded 2019 · 29 employees$230.3Kraised▾
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.
- Jul 2025Conventional Debt$22.4M
- Mar 2023Conventional Debt$14M
- Jun 2020Grant (prize money)$99.8K
- Jun 2020Seed$230.3K
#7
Series B · Cape Town, Western Cape · founded 2003 · 40 employees$120Mraised▾
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.
- Jan 2021Conventional Debt—
- Sep 2019Series B$20M
- May 2019Conventional Debt$100M
#8
Acquired · Cape Town, Western Cape · founded 2011 · 188 employees$41.7Mraised▾
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, offering an alternative funding approach based on monthly turnover.
- 2021Conventional Debt$3.4M
- 2020Conventional Debt$6.2M
- Mar 2019Series B$41.7M
- 2018Conventional Debt$1.8M
#9
Seed · Cape Town, Western Cape · founded 2019 · 19 employees$4.1Mraised▾
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.
- Jan 2022Seed$4M
- Sep 2021Seed$125K
#10
Seed · Rivonia, Gauteng · founded 2018 · 23 employees$1.2Mraised▾
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.
- Feb 2021Seed$681.3K
- 2019Seed$481K
#11
Funding Raised · Johannesburg, Gauteng · founded 2020 · 3 employees$100Kraised▾
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.
- Sep 2022Grant (prize money)$100K
#12
Seed · Midrand, Gauteng · founded 2018 · 2 employees$296.8Kraised▾
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.
- Oct 2020Seed$296.8K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Alternative Lending coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding flat · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.