14
Nov

ProfitShare Partners wins Small Business Champion of the Year 2019 at #SmallBizAwardsSA

The NSBC Africa, in partnership with World Events, presented ProfitShare Partners with the Small Business Champion of the Year award at the 2019 South African Small Business Awards earlier today.  The South African Small Business Awards was initiated by the National Small Business Chamber (NSBC) to recognise the tireless journey, hard work, outstanding achievements and vision of small businesses and entrepreneurial success. Now in its 11th year, the event continues to celebrate the most outstanding businesses and the exceptional businesspeople...
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11
Nov

Supporting the Legacy of SA Heroes: Long March to Freedom

ProfitShare Partners is a proud supporter of the National Heritage Project’s Long March to Freedom procession that will be opening at Century City in Cape Town on 15 November 2019.  South Africa is known for its rich cultural heritage and history shaped by the people who have left a legacy in the country’s 350-year struggle for freedom and democracy. The Long March to Freedom monumental procession of 100 life-sized bronze statues is the largest exhibition of its kind in the...
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31
Oct

Fintech disruptor, ProfitShare Partners gets R25 million line from FirstRand’s Vumela Fund

ProfitShare Partners has secured a R25 million capital line from the Vumela Fund, which is managed by Edge Growth Ventures. Launched in 2018, Vumela’s third fund focuses on supporting high growth SMEs in the banking supply chain with good economic and impact returns – a key driver of ProfitShare Partners’ value proposition to the SME market. ProfitShare Partners is fast-tracking SME performance and delivery through its profit-sharing business model. As a short-term capital partner to small business owners, the FinTech...
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23
Oct

Disruptive SME Fintech player, ProfitShare Partners adds Happy Masondo to their Board

Disruptive and innovative Fintech player, ProfitShare Partners, is pleased to welcome Ms Happy Masondo as its newest non-executive director of the board, effective November 2019.  Masondo, a former director at Werksmans Inc where she was the Head of the Technology Practice, has also advised various entities on corporate mergers and acquisitions in Africa. She is an astute legal executive with extensive experience in, and knowledge of, corporate governance and corporate law. She holds two Master of Laws degrees, conferred by...
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19
Sep

ProfitShare Partners Awards Another Winner with Capital Support at Smart Procurement World Indaba 2019

ProfitShare Partners was proud to participate in this year’s Smart Procurement World Indaba 2019. We presented yet another successful run of our ‘Win up to R1 Million in Capital Support’ competition and announced our winner – Rotokgolo Projects and Construction CC – at the event. ProfitShare Partners launched another exciting prize for SMMEs ahead of Smart Procurement World Indaba held at Gallagher Convention Centre in Midrand. The FinTech business exhibited at the event on both 17 and 18 September 2019,...
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13
Sep

Up to R1 Million in Capital Support Up for Grabs at Smart Procurement World Indaba 2019!

ProfitShare Partners is excited to present yet another exciting opportunity for small businesses attending the Gauteng: Smart Procurement World Indaba 2019! SMEs who enter the competition stand a chance of winning up to R1 million in capital support for their purchase order or contract. After the successful launch of the first competition in July this year, ProfitShare Partners looks forward to presenting another opportunity for an SME to win up to R1 million in capital support and partnering with the...
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15
Aug

ProfitShare Partners Named Most Innovative FinTech Company in Africa – AI International Finance Awards 2019

Acquisition International Magazine has announced the winners of the 2019 International Finance Awards. The International Finance Awards recognises the companies and individuals in the finance industry who have shown excellence and dedication in their field. It aims to reveal and reward those who overcome the difficulties posed by global economic issues to thrive and prosper. In recognition of each company’s dedication and commitment to innovation, client service and hard work, Acquisition International has named ProfitShare Partners Most Innovative FinTech Company...
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01
Aug

Meet the Winner of our R1 Million Capital Support Competition – N’Kay Promotions

ProfitShare Partners is proud to announce the winner of its R1 million capital support competition. N’Kay Promotions CC is the lucky SME that was awarded the prize at The Business Show South Africa 2019 yesterday.  N’Kay Promotions is a brand activation company that has secured a contract with a well-known bank that has a strong focus on growing the SMME market. To ensure that N’Kay Promotions would be able to continue delivering proficiently on their contract, they entered the competition...
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24
Jul

Thought Leadership: Creating Opportunities for SMME Growth through Innovative Financing

By Founder and CEO of ProfitShare Partners, Andrew MarenPublished by Creative Space Media for the Financial Mail Emerging economies like ours rely heavily on the success of Small, Medium and Micro-Enterprise (SMME) Businesses for growth and job creation. However, the SMME sector faces a host of challenges, and access to finance is one of the greatest stumbling blocks in the way of achieving business sustainability. In an ever-changing economic and global landscape, innovative financing solutions present opportunities for financial inclusion...
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16
Jul

Moses Maren Mission – Supporting the Legacy of Madiba

“Education is the most powerful weapon which you can use to change the world,” Mandela famously said. He also said that the true character of society is revealed in how it treats its children. These words resonate with the Moses Maren Mission, an organisation that supports the community it serves through education and child care – a mission that ProfitShare Partners supports to ensure this legacy continues.  In 1985, the Moses Maren Mission was started by a socially mindful family...
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21
May

Celebrating Another Year of Big Wins and Big Highlights

ProfitShare Partners is proud to celebrate yet another birthday milestone! The company has experienced a number of exciting developments and successes in the past year and looks forward to creating an even greater impact for its SME clients and collaborative partners in the year ahead. Reflecting on some of the key highlights for the FinTech business this year, ProfitShare Partners CEO, Andrew Maren recently shared that True Impact has committed R100 million to the company over the next three years...
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17
May

ProfitShare Partners Launches New Office Space – The Rocket Room

ProfitShare Partners launched its new office space – The Rocket Room – in Hyde Park, Sandton at an event with key industry partners and contributors recently. On Thursday, 16 May 2019, the CEO and founder of the disruptive FinTech business, Andrew Maren introduced The Rocket Room to guests at the event. In line with ProfitShare Partners’ movement to change the economic landscape for SMEs, The Rocket Room represents a prototype of a vision set on creating an SME City where...
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15
Apr

Relieving the Pressure of Late Payments for SMEs

One of the greatest challenges that our SME clients often face is access to cash flow – which also includes dealing with invoices that are locked in extended payment terms. This places immense pressure on their ability to operate efficiently. Cash is king. At ProfitShare Partners, more than the short-term capital solutions that we offer, we’ve committed to the Prompt Payment Code initiated by the National Small Business Chamber (NSBC).  “There is immense value in getting paid on time –...
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08
Mar

Coca Cola Beverages South Africa: Supplier Development Conference 2019

This year’s Coca Cola Beverages South Africa (CCBSA) Supplier Development Conference focused on collaborative and inclusive growth – a theme that drives us in our own vision. At ProfitShare Partners, we want to a create massive impact in the SME market, which is why we participated in the event – to connect with small and medium business owners and showcase our capital solutions to offer them alternative options to grow their businesses. Using FinTech, ProfitShare Partners is enabling sustainability for SMEs with...
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22
Feb

#TheBizShowSA 2019

The NSBC Business Show 2019 was an absolute sensation this week! Meeting the SME business owners and collaborators was energising and we certainly were very excited to share and exchange some valuable insights at the show. ‘Get Access to Funding in 7 Days’ with ProfitShare Partners Our CEO, Andrew Maren, was on stage on Wednesday, presenting the innovative ways in which ProfitShare Partners works to support SMEs. Our funding solutions were welcomed as a great alternative to traditional lending institutions....
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12
Feb

Proud Sponsor of Hot919FM’s “Business with Bunny”

ProfitShare Partners is a proud sponsor of the Feature: Business with Bunny on Hot 91.9 FM, in association with the NSBC. In association with the NSBC, Business with Bunny is a weekly business feature that focuses on Small Business and Entrepreneurship in South Africa. From ground-up start-ups to multi-million Rand contenders, Bunny finds out how it gets done and showcases small businesses, doing big things. In case you’ve missed some of the interviews, click the links below to listen now:...
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12
Feb

True Impact Commits R100m to FinTech SME Funder, ProfitShare Partners

In its drive to create immense social impact for growth and sustainability in the SME sector, ProfitShare Partners has secured the backing of the True Impact Fund – an investment management company that shares this vision.  ProfitShare Partners is excited to announce that it will serve as the SME growth enabler for the True Impact Fund – an investment and advisory firm that specialises in Enterprise and Supplier Development (ESD) solutions for corporate South Africa. True Impact has committed to...
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27
Nov

Connecting SMEs to Progressive Funding Solutions

ProfitShare Partners was excited to exhibit and present at the final instalment of the SMME Opportunity Road Show held in Durban on Thursday, 16 November 2018.  Our CEO, Andrew Maren, shared how ProfitShare Partners uses FinTech to offer SMEs access to funding in under 7 days. After sharing our funding solutions with delegates attending the event, we enjoyed the networking opportunities with SME business owners.               Some of the comments that visitors shared with us included: “It...
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08
Nov

ProfitShare Partners – Top 20 Award in 2018 Small Business Awards

At the 10th Annual Anniversary of the Small Business Awards, the National Small Business Chamber presented ProfitShare Partners with the Top 20 Award yesterday. In celebration of the most outstanding businesses and exceptional business people, the National Small Business Chamber (NSBC) awarded SMEs and business owners at the prestigious 2018 Small Business Awards on Thursday, 8 November 2018. The awards have attracted a diverse range of entries this year, all with one thing in common – a driving entrepreneurial force. In...
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08
Nov

Our CEO on Hot919 – “Business with Bunny”: How SMEs can get Access to Funding in under 7 Days

Andrew and Bunny discussed how ProfitShare Partners can fund SMEs in under 7 days and how corporate South Africa can get involved. Bunny: How many SMEs do you think you have funded to date… how many people have you impacted? Andrew: We’ve done close to R300 million worth of funding transactions with SMEs (through our business model), with a collection rate of about 97%. Bunny: How can corporate South Africa get involved? It being that you are so different from the banks? Andrew: For...
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25
Oct

New Chairman at ProfitShare Partners as the funder bids farewell to its Board Chairperson

ProfitShare Partners has announced that Ms Trudi Makhaya has  stepped down as Chairperson of the Board after being its inaugural Chairperson. This is due to her appointment as President Cyril Ramaphosa’s economic advisor earlier this year and her role in raising USD 100 billion for the South African economy.  Ms Makhaya has brought value to the company during her tenure, which has provided the funder with invaluable insights to service the SME sector. ProfitShare Partners has expressed gratitude for her...
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15
Oct

ProfitShare Partners shares Funding Solutions at SMME Opportunity Road Show/Tomorrow’s Leaders Convention

ProfitShare Partners was a proud exhibitor at this year’s Tomorrow’s Leaders Convention in collaboration with the SMME Opportunity Road Show held at Emperors Palace recently. One of our Directors – Jayesh Nair – delivered a keynote address and presentation on how SMEs and entrepreneurs can get access to short-term funding in 7 days. In case you missed it, here’s what he had to share with more than 700 delegates at the conference and exhibition recently:
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15
Oct

Interview on ThrivingTV: Andrew talks about how ProfitShare Partners services the SME sector

Our CEO, Andrew Maren spoke to Rorisang Rathebe on ThrivingTV at FundEX 2018. Here’s what he had to share on ProfitShare Partners’ funding model and how it services the SME sector.
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20
Sep

ProfitShare Partners at Smart Procurement World 2018

The 12th Annual Smart Procurement World conference and exhibition took place in Midrand from 17 – 19 September 2018. Under the theme ‘Innovation that Transforms’, the aim of the event is to encourage and support procurement professionals in demonstrating the innovative value of supply chains for economic growth. ProfitShare Partners exhibited at Smart Procurement World for the first time this year. We connected with numerous small and medium business owners who showed keen interest in our alternative funding solutions. The networking experience...
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14
Sep

Proud Sponsor: SMME Opportunity Road Shows 2018

ProfitShare Partners is a proud sponsor of this year’s SMME Opportunity Road Shows. After a successful event held in East London earlier this year, we were excited to participate in the Johannesburg show recently. The SMME Opportunity conference was held in partnership with the Tomorrow’s Leaders Convention at Emperors Palace on 12 September 2018 – a collaboration that aimed to create a networking experience for guests and exhibitors. The programme was hosted by veteran TV news anchor and show host,...
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11
Sep

Corporate Literacy on @The1873FM with Andrew Maren and Tinashe Mpasiri

The Continental Sunrise Breakfast show with Tinashe Mpasiri interviewed Andrew Maren – ProfitShare Partners CEO yesterday. In the insert: Corporate Literacy, Tinashe and Andrew discussed the role of board members and directors in an organisation. Andrew Maren: “Directors have a duty to various stakeholders. One, you want to do what is best for the company. Two, you want to play out the vision of the shareholders who put you there…” In case you missed it, catch the full interview here:...
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10
Sep

ProfitShare Partners @SmallBizExpoSA 2018

ProfitShare Partners was a proud participant in this year’s Small Business Expo,the annual trade show that took place 6 – 8 September 2018. The show presented a wide-range of business services, incubation programmes and workshops this year as a key driver to stimulate business growth and motivate both current and aspiring entrepreneurs. We strive to boost growth in the SME sector by disrupting traditional funding models with our innovative short-term funding business model.  ProfitShare Partners was excited to meet and connect...
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20
Aug

ProfitShare Partners at fundEX 2018

ProfitShare Partners was proud to sponsor and contribute to the exciting fundEX 2018 at Riversands Incubation Hub. The event took place on Thursday, 16 August 2018 where we had the opportunity to meet and engage with SMEs in various industries, and participate in the programme. Innovative Funding Solutions for SMEs @ fundEX 2018 Riversands Incubation Hub is a large-scale business incubator established in 2015 to provide and facilitate access to a rich range of entrepreneur and business development support services that...
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03
Aug

ProfitShare Partners welcomes newly appointed Chief Financial Officer

ProfitShare Partners, disruptive Fintech company that offers innovative funding solutions to SMEs, has appointed Byron Riddle as its new Chief Financial Officer. Byron joins ProfitShare Partners after a successful career at the South African Institute of Chartered Accountants where he served as Senior Executive: Nation Building – Transformation and Growth. He is an accomplished operations executive and qualified Chartered Accountant with extensive corporate finance experience. “I am pleased to welcome Byron to the team. More than his comprehensive experience in...
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27
Jul

ProfitShare Partners at the SMME Opportunity Road Show 2018 – East London

We’re excited to participate in the 2018 SMME Opportunity Road Shows. As a Fintech company, ProfitShare Partners is focused on financial inclusion for SMEs with valid purchase orders and contracts, located in even remote locations. We are proud to share our funding solutions with guests and delegates attending this year’s events. Enabling SMEs – one transaction at a time Yesterday, ProfitShare Partners participated in the first instalment of the SMME Opportunity Road Shows at the IDZ in East London. Our...
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18
Jul

Remembering Madiba

We’re committed to making a difference. In celebrating 100 Years of Mandela, the ProfitShare Partners team visited a Children’s Home – the Moses Maren Mission – in Eikenhof today. #100YearsofMandela The ProfitShare Partners team with the sisters who volunteer their time and take care of the children at the Moses Maren Mission Orphanage.  We’re joining the mission! After we completed our tour of the children’s home yesterday, it was incredibly moving to see how the sisters of the Moses Maren Mission have dedicated...
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21
Jun

CEO of ProfitShare Partners on the Talking Point

Andrew Maren spoke to Bongi Gwala on the Talking Point earlier today about how the ProfitShare Partners disruptive funding model for SMEs is changing the landscape for SMEs and how we can also leverage corporate supply chains. You can get the interview here: https://iono.fm/e/573425
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06
Jun

DestinyMan.Com – Andrew Maren on giving entrepreneurs a kick-start

Originally published by DestinyMan BY NAZLEY OMAR Founder of ProfitShare Partners, Andrew Maren, is giving entrepreneurs who lack access to funding an opportunity to succeed The failure rate of start-up businesses in South Africa is high, with some 50% of small, medium and micro-enterprises (SMMEs) failing to make it past the first two years. The lack of funding, infrastructure and support contributes to the premature failure of small businesses. Maren says there is a gap between what traditional financial institutions...
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10
May

Message of Support for Ms Trudi Makhaya

ProfitShare Partners congratulates its non-executive director of the Board, Ms Trudi Makhaya on her appointment as President Cyril Ramaphosa’s economic advisor. We commend Trudi in the critical role that she has undertaken in the special investment envoy and we are confident that she will be an asset in positioning South Africa as a leading investment destination. As enablers of SMEs for economic growth and transformation in our country, ProfitShare Partners understands the magnitude and importance of this appointment. The order of...
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29
Mar

Coca Cola invites ProfitShare Partners to collaborate on Enterprise and Supplier Development

ProfitShare Partners has partnered with Coca Cola Beverages South Africa (CCBSA) to provide quick access to funding for SMEs in its supply chain, where traditional funders are unwilling to fund. CCBSA hosted more than 1,000 delegates at its Supplier Development Conference recently, which included 750 SME businesses. The company announced its commitment to divert R3.9 billion in procurement spend to black-owned and women-owned businesses over the next three years to encourage a more inclusive supply chain ecosystem. The event line-up was exciting and engaging,...
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26
Feb

Edge Action gives R10m Funding Line to ProfitShare Partners

ProfitShare Partners can enable corporates to maximise their social impact with its collaborative partner, Edge Growth. The companies recently signed an agreement that has released a R10-million funding line for ProfitShare Partners to finance deals with SMEs who are aligned with the Fund’s corporate transformation objectives. ProfitShare Partners’ business model is a catalyst for growth for SMEs. Unlike traditional financial institutions that require a solid financial track record and history, ProfitShare Partners funds the transaction for SMEs with valid purchase...
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25
Jan

ProfitShare Partners appoints Trudi Makhaya as Non-Executive Director

ProfitShare Partners is pleased to announce the appointment of Ms Trudi Makhaya as a non-executive director on the board, effective February 2018. Trudi is an economist and currently the CEO of a research, advisory and stakeholder engagement firm, Makhaya Advisory. She serves as a non-executive director at Vumelana Advisory Fund and MTN South Africa. Trudi holds an MBA and an MSc in Development Economics from Oxford University, where she studied as a Rhodes Scholar. She also holds degrees from the...
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06
Sep

Andrew Maren on PowerFM: Funding Model for the SMME Market

ProfitShare Partners CEO was featured on Power FM yesterday. In case you missed it, listen to Andrew Maren’s interview with Ayabonga Cawe on Power 98.7 on the Soundcloud below.
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11
Aug

Another Asset Manager backs SME Funding Disruptor, ProfitShare Partners

Collaboration with key investment partners that enables SMEs to become sustainable is one solution that can drive positive change. Disruptive newcomer to the SME funding market, ProfitShare Partners has secured another key investor to drive the change that it has envisioned for the SME sector in South Africa. Caleo Capital has taken up a strategic shareholding in ProfitShare Partners. Caleo is an international wealth and asset management business that creates simplistic, transparent investment solutions, and manages a significant portfolio of...
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14
Jul

This is the start of a movement.

Our CEO, Andrew Maren, speaks to Bruce Whitfield on The Moneymakers Show in this segment about how the market is showing insatiable demand for transaction funding.  
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13
Jul

The Recession and its Impact on SMEs

Fuad Cassim is an economist and a former special adviser to Pravin Gordhan – who recently shared some of his views with us. Since slipping into a technical recession after the country’s GDP declined by 0.7% in the first quarter of 2017, preceded by the 0.3% decline in the fourth quarter of 2016, there have been many debates in the news about what this means for the economy. Regardless of how we look at the decline, there is no escaping the negative impact...
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29
Jun

Enabling Small and Medium Enterprises – one transaction at a time

Growth in the SMME sector is possible when industry game changers partner to drive solutions with measurable impact. Edge Growth is a dynamic, long-term impact investing company that provides holistic solutions that caters for the needs of corporates and entrepreneurs. ProfitShare Partners is an innovative funding solutions company that partners with SMMEs to deliver on their purchase orders or contracts. Both driven by their vision to bridge the gap in the market, this strategic partnership is set to empower SMMEs to...
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25
Jun

Meet your Partners for Success

We’re with you on your journey to make your business more sustainable. We accelerate your growth by mitigating risks for optimal performance. ProfitShare Partners is an innovative funding solutions company that is breaking barriers to enable growth in the market, particularly for SMMEs. We provide funding for SMMEs that have a valid purchase order or binding contract. We help our clients execute on a transaction and take a share of the profit. ProfitShare Partners does not charge interest. Because we understand the value of...
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21
Jun

Introducing ProfitShare Partners

This is about more than disruptive funding  
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Partner with us today

Realise the possibilities of growth when you partner with an institution that understands your financial challenges. We have an interest in your business and can support you 100%.

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