Many sales-led organisations have come to the same conclusion at some stage in their business growth lifecycle: In order to build a sales-led business for scale, you need to adopt a multi-channel sales distribution strategy.
Standard Bank has joined forces with Merchant Capital to provide an innovative working capital solution for small and medium-sized enterprises (SMEs) by enabling them to access upfront cash advances which are repaid via their incoming point-of-sale receipts.
Merchant Capital, a leading provider of alternative working capital solutions to small and medium retail enterprises (SMEs) in South Africa, is proud to note the announcement of Discovery’s new Shared Value Insurance product, Discovery Business Insurance
Take advantage of the current optimism and positive sentiment in South Africa,” says Dov Girnun, Founder and CEO of Merchant Capital, when asked for advice for entrepreneurs looking to set up a retail outlet in 2018.
Ensuring that small businesses have access to funding and working capital is one of South Africa’s top priorities. The micro-lending space, where much of this funding has taken place, has been fraught with problems.
But a new and fast growing industry made up of merchant cash advance companies and SME finance companies is determined todo things differently.
More than 30 000 FinTech enthusiasts have voted for their favourite company and the knowledgeable and top-notch panel of judges also assessed the promising FinTechs. This means that Merchant Capital are among the most promising and innovative African FinTech companies at the moment.
Less than two years into his business, Dov Girnun attracted the attention of Rand Merchant Investment Holdings (RMIH), a financial services investment company that includes the founders of FirstRand, Laurie Diepenaar, Paul Harris and GT Ferreira. These are no small industry players.
Merchant Capital, formed in 2012 in response to the high failure rate among small businesses caused by lack of funding, joins RMI’s other holdings such as MMI Holdings - born out of the merger of Momentum and Metropolitan, Discovery, OUTsurance and RMB Structured Insurance.