Currently, there is a huge demand for funding for small businesses in South Africa, and since Investmint’s inception, it has been responsible for facilitating over R50 million in financing across more than 850 projects.
He also serves as CFO at BackaBuddy, a South African-based crowdfunding platform designed to help you create campaigns to raise funds for causes you are passionate about.André’s qualifications include an MBA with distinction and a Ph.D. in Business Administration. Another unique function the platform offers is the referral program, which allows people with a strong network of business owners to turn their network into revenue.
With Project Financing, the loan seeker provides Investmint with a contract or purchase order for financing, which is made available on the platform for investors to provide the required capital. On the other hand, Invoice Factoring enables small businesses to obtain instant cash flow by selling their unpaid invoices to buyers at a discount, with buyers paying close to 85% of the invoice’s value to initiate the purchase.
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