Total amount raised
$1 Millions
Latest funding date
03/01/2019
Location
Retail Capital offers fast and flexible business funding solutions for small and medium-sized enterprises (SMEs) in South Africa. Their services include unsecured funding, unrestricted use of funds, and flexible repayment terms.
Keep reading to explore the intricacies of Retail Capital's funding options and the success stories of businesses that have benefited from their support.
What Is Retail Capital?
Retail Capital is a South African company that provides fast, flexible, and unsecured business funding to SMEs. They have been operating for over a decade, focusing on helping businesses grow through tailor-made funding solutions.
Located in Cape Town, Retail Capital has funded more than 70,000 businesses with over R10 billion. The company emphasizes customer satisfaction, with over 70% of funded businesses returning for additional funding.
Retail Capital is a division of TymeBank Limited, offering a streamlined online application process to ensure quick and secure funding for businesses.
How Much Funding Has Retail Capital Raised?
- Funding Round: Private Equity Round
- Amount Raised: $1M
- Date: March 2019
- Lead Investors: Crossfin Technology
Retail Capital has raised a total of $1M in funding.
Key Investors
- Crossfin Technology
- Details: Crossfin Technology is a leading fintech investment firm based in South Africa. They focus on investing in companies that drive innovation in the financial technology sector.
- Investment Focus Areas: Fintech, payments, and financial services.
- Notable Investments: Retail Capital, Adumo, and iKhokha.
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