Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

South Africa’s Sasfin takes a stake in Payabill’s small-business lending platform

ImpactAlpha, February 26 – South African financial services firm Sasfin has acquired an undisclosed share of Payabill, a digital lender that provides working capital loans to help small businesses manage cashflow.

Inability to predict or manage the cash required for incoming and outgoing payments is one of the biggest reasons small businesses fail. Payabill was started in 2017 to help businesses manage their bills and pay suppliers and vendors. It also offers low-cost working capital loans of up to 150,000 South African rand ($10,800) for companies that have been up and running for at least a year.

Sasfin’s equity investment in Payabill is part of the bank’s strategy to boost its digital financial services. The injection of capital will help Payabill offer larger loans and access a bigger base of small business clients.

In November, London-based Fluidly raised a £5 million ($6.5 million) Series A round for its small business cash flow forecasting software.

You might also like...