Total amount raised
$1 Million
Latest funding date
2019-03-06
Location
Retail Capital has funded over 90,000 South African businesses with more than R14 billion since 2011, offering flexible, unsecured, and unrestricted funding solutions for SMEs. Their services include merchant cash advances with quick approval and disbursement processes, tailored to meet the unique needs of different businesses.
Keep reading to explore the intricacies of Retail Capital's funding journey and the investors backing this innovative platform.
What Is Retail Capital?
Retail Capital, founded in 2011, is a South African company specializing in providing flexible, unsecured funding solutions to small and medium-sized enterprises (SMEs). Located in Woodstock, Cape Town, the company has been a key player in the financial services industry, particularly in SME funding.
As a division of TymeBank Limited, Retail Capital offers various funding options tailored to the unique needs of different businesses. Their quick and easy online application process and commitment to customer satisfaction have made them a trusted partner for many South African businesses.
How Much Funding Has Retail Capital Raised?
- Private Equity Round
- Amount Raised: USD 1,000,000
- Date: March 2019
- Lead Investors: Crossfin Technology
Retail Capital has raised a total of USD 1,000,000 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 services sector.
- Investment Focus Areas: Fintech, payments, financial services
- Notable Investments: Adumo, Retail Capital, iKhokha
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