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Financial planning

Overview

Vumela


Call us on: 087 736 2000

Email: heather.lowe@fnb.co.za

Vumela Enterprise Development offers


'
Purchase
Order Finance
Supply Chain
Debt Finance
Transformation
Equity Finance
Growth
Equity Finance
Venture Debt
(New)
Accelerate Loan
(New)
INVESTMENT SIZE & HORIZON R300k to R5m
0 - 6 months
R1m to R10m
3 - 5 years
R10m to R30m
5 years
R10m to R40m
5 - 6 years
R10m to R20m
1 - 5 years
R100k to R2m
1month - 3 years
SIZE AND STAGE OF BUSINESSES Revenue:
R0 - R50m
Very early to late growth stage
Revenue:
R5 - 50m
Early-stage growth phase Strong preference for businesses with supplier contracts
Revenue:
>R20m
Mature businesses seeking transformation for further growth
Revenue:
>=R5m
Preference for businesses that are cash flow positive, profitable, or approaching profitability
Revenue:
>R15m
High growth tech-enabled scale ups. Recently or currently raising Series A or B funding.
Revenue:
R0-R50m
Very early to late growth stage
PURPOSE OF FINANCE Purchase order finance Capex strongly preferred. Working capital or Opex, provided there can be some form of surety Shareholders buy-outs Capex, working capital or opex with a small proportion going to shareholder buy-outs Capex, working capital or opex Purchase order finance. Capex, working capital or opex
BEE/TRANSFORMATION May be >0% Black-Owned Must be >51% Black-Owned Must be >51% Black-Owned post investment. Vumela equity is BEE Must be >51% Black-Owned post investment. Vumela equity is BEE Must be >51% Black-Owned Must be >51% Black-Owned
SUPPLY CHAIN ALIGNMENT Must be a direct supplier to another company (B2B or B2B2C business model) Must be a direct supplier to another company (B2B or B2B2C business model) Must be a direct supplier to another company (B2B or B2B2C business model) Must be a direct supplier to another company (B2B or B2B2C business model) Must be a direct supplier to another company (B2B or B2B2C business model) Must be a direct supplier to another company (B2B or B2B2C business model)
SECTOR No mandatory sector requirements No mandatory sector requirements No mandatory sector requirements Focus areas: Education, Healthcare, Digital Inclusion, Green Economy Focus on tech-enabled with recurring revenue No mandatory sector requirements
DEAL Loan with profit share Debt Equity Equity Term Loan Term Loan

Vumela Enterprise Development Fund


Building the nation one SME at a time

The first fund of its kind in South Africa, Vumela's main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs.

What this is


Filling the gap

FNB Commercial, together with Edge Growth, manage the Vumela Enterprise Development Fund and through it makes equity investments into high growth SMEs currently struggling to access finance through traditional channels.


Growth finance of this nature is challenging to access in the SA economy as it falls into the 'missing middle'.


Vumela Enterprise Development offers


 
 

Who this is for


Developing SMEs


Vumela Enterprise Development funding applies to both early-stage ventures as well as more mature expanding businesses.


These are businesses that are:


  • Too large for microfinance
  • Don't meet traditional credit criteria in terms of collateral + balance sheet requirements
  • Too small or early stage for private equity, and don't generate the exceptional returns that venture capital seeks.

Vumela Enterprise Development Fund actively works with its investees to ensure the growth of these businesses to achieve the objectives of sustainable job creation and related social impact.

Getting it made easy


Vumela Enterprise Development

How to get it

Call me back

Documents needed

  • Application form
  • Detailed business plan
  • Historical financials

View the website