ProfitShare Partners

About ProfitShare Partners ProfitShare Partners is a Fintech business that provides disruptive short-term capital solutions (from R250,000 - R5 million) and transactional support to SMEs who have no access to funding, no security, financials or track record but have a contract or purchase order with a reputable company or government department. The... company responds to applications within 24 hours, generates a term sheet within 48 hours and pays out within 7 days for new clients - even quicker for existing clients. ProfitShare Partners does not charge interest. Instead, they share in the profit with the SME. This is a high impact growth tool for SMEs, which enables rapid growth without giving away equity. About Edge Growth Ventures Edge Growth is a leading SME and Venture Fund Manager, specialising in developing small businesses and creating jobs and real transformation by connecting corporates and entrepreneurs, growing SMEs by addressing their key constraints: access to finance, markets and skills. The offering consists of three services areas, designed to achieve maximum IMPACT: ESD Strategy for corporates & building SMEs in their value chain; investing in and growing SMEs through fund management; and scaling business to full potential through accelerator programmes. About Vumela Fund Vumela was established in 2017 by FNB Business Banking and Edge Growth to help alleviate poverty in South Africa by creating jobs through supporting the growth of SMEs. Vumela has R388M under management, from FirstRand and the Jobs Fund, and to date has deployed R175M to 15 early stage businesses, creating over 1000 permanent jobs, primarily for low to middle income individuals.Read More