Finfind, an online solution for start-ups and small businesses to access finance has partnered with MTN Business for their upcoming MTN Business Digital Entrepreneur Masterclass in Cape Town on 7 April. Finfind is the only digital tool available for small business to access finance. It is a unique aggregator of SME lenders and has over 200 lenders and 350 loan products available on the platform.
Darlene Menzies, CEO of Finfind will speak alongside other key industry players and will share insights into the many lending options that are available to entrepreneurs and how they can access this finance.
“This partnership gives credence to MTN Business’ focus of being an enabler of the growth and development of small and medium sized businesses in South Africa. We believe that our tailored propositions coupled with FinFind, would not only improve the digital wellness of small businesses, but will place them in a favourable position where they can grow and prosper, and assist them to be finance ready. MTN Business will continue to play an increasingly meaningful role of driving economic growth and generate much-needed employment.” Mandisa Ntloko, General Manager: Enterprise Marketing at MTN Business SA.
“Finfind is a truly revolutionary solution for small business, bringing together the providers and seekers of small business finance with a focus on finance readiness. It is the result of a five-year research and development initiative by USAID in South Africa, aimed at addressing
the challenges of access to finance. Finfind is an invaluable tool that is available, free of charge, 24/7, to South African entrepreneurs and small business owners” says Menzies.
Finfind recently secured a large investment from Kingson Capital. The equity investment sees Kingson securing a 30% black-owned stake in the local fintech business and over and above the financial support, the deal includes the provision of substantial business support and development expertise. Additionally, Ross Jenvey, an experienced CFA professional and Kingson Capital General Partner, has also been appointed Chairman of the Finfind board.
Finfind is an exciting local innovation that is addressing a large gap in the fastest growing sector globally; it is definitely a South African fintech company to watch.