Finding Business Opportunities
23
Nov

BLOG – Helpful Hints from SME Guru, York Zucchi: On Finding Opportunities

On finding opportunities We all need a lucky break… Yet often we are blinded to the lucky breaks right in front of our eyes because they are dressed differently from what we expect them to be dressed as… A couple of months ago I spoke to 13.000 men for 45 minutes on the future of work and specifically why entrepreneurship isn’t an option but rather is their future. I will share detailed notes next week. But the one story that...
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Why I love being an entrepreneur
16
Nov

BLOG – Helpful Hints from SME Guru, York Zucchi: 11 Reasons I Love Being an Entrepreneur

11 reasons why I love being an entrepreneur Entrepreneurship is hard… … so why do it? In this post I unpack 11 reasons why I do it. The other day I managed — unintentionally I’d like to add — to scare quite a few people with my blog “From Employee to Entrepreneur: what I wish someone had told me before I quit my job at Goldman Sachs”. The intention wasn’t to scare anyone but to slap aspiring entrepreneurs with the...
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09
Nov

BLOG – Helpful Hints from SME Guru, York Zucchi: Changing Your Business Approach

Covid-19 has given (forced) us to relook at how we do business… Which is easy to say but tough to do Here I unpack some angles you can tackle to start the journey of transformation. On the impact, the struggling economy will have on how much small businesses will recover in the upcoming year – “Restrategise and opt for a different vessel with which to tackle a world of opportunities” There is a wonderful saying that a smooth sea never...
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Entrepreneurship
02
Nov

BLOG – Helpful Hints from SME Guru, York Zucchi: What Is This Thing We Call Entrepreneurship

What is this thing we call “entrepreneurship”? Such a simple word… …. hiding so much sweat and tears. Entrepreneurship — until you’ve tried it, it is difficult to describe. When you talk about it it has all the resemblances of a nice neat little box: idea, prototype, tests, clients, funding, growth, etc. But when you are in it you really get to know yourself — what you are good at, not good at, what you need help with. You might...
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Helpful Hints from SME Guru, York Zucchi: How to Fix the SME Funding Challenge
26
Oct

BLOG – Helpful Hints from SME Guru, York Zucchi: How to Fix the SME Funding Challenge

SMEs need funding Yet funding is a scarce resource. So how do we fix the SME funding challenge? In this article, I unpack some ideas based on our work supporting SMEs around the world. SME Funding Model Much has been said about the SME funding model and how it is not really designed in favour of SMEs. The problem with such assertions is that the term “SMEs” refers to a very broad group of businesses at different stages of the...
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Bridging the finance gap for entrepreneurs
19
Oct

BLOG – Helpful Hints from SME Guru, York Zucchi: Bridging the Finance Gap for Entrepreneurs

Innovation and Money… Funding for innovators is difficult to find. In this article, I look at the why and how to address this challenge. Bridging the financing gap in the innovation space: notes from my panel discussion at the #AfricanInnovationSummit Innovators are essentially F*$% (a technical term that entrepreneurs use when stuck between the oven and the frying pan). Almost everyone wants to support them, yet very few are prepared to fund them. The investments required are often highly risky...
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what York has learned from flying airplanes that is applicable to entrepreneurs
12
Oct

BLOG – Helpful Hints from SME Guru, York Zucchi: What York has Learned from Flying Airplanes that is Applicable to Entrepreneurs

Some interesting thoughts from York on Flying airplanes… Flying an airplane has many parallels to running a business. Here are 7 lessons that are applicable to many entrepreneurs and may just save your business. A long time ago I used to fly small airplanes. Before doing a manoeuvre such as a flying exercise to improve our skills we were taught to do a simple checklist called Hassell. I didn’t realise how important this little checklist would become to entrepreneurial decisions,...
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Access to Markets: The Elephant in the African Entrepreneurial Room
05
Oct

BLOG – Helpful Hints from SME Guru, York Zucchi: Access to Markets – The Elephant in the African Entrepreneurial Room

Access to markets is the biggest challenge for SMEs. In this article, we unpack why and how we can solve this. The abbreviation for “Access to Markets” (ATM) makes for a great parallel to the actual challenge for most small and medium-sized enterprises (SMEs)—without clients, there’s no cash to run the business. Clients—somewhat rudely put—are the ATMs of SMEs. To keep the cash flowing, you need to capture the client’s attention. Access to markets is one of the biggest challenges...
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Purchase Order Funding Made Easy
28
Sep

BLOG – Purchase Order Funding Application Made Easy

ProfitShare Partners offers an easy process that you can follow to get the funding you need. It’s as simple as having your valid Purchase Order on hand (check that it’s within the value of R250 000 to R5 million ). Next, you will have to apply online at www.profitsharepartners.com, which only takes about 10 minutes, and lastly, our team reviews your application and provides you with feedback within 48 hours.   Let’s look at it in detail: What you need to...
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How to Scale Your Business
21
Sep

BLOG – How to Scale your Business

It is important for a company to figure out what kind of growth it wants. There are many different types of growth, and they can all be helpful, but some are better than others. The most beneficial growth type is scaling, which means you are growing your revenue at a faster pace than you increase your expenses. This type of growth is perfect for small to midsize companies trying to expand their market share. You want to scale up your...
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Business Terms every Business Owner Must Know
14
Sep

BLOG – Learn the (Business) Lingo

Increasing business acumen is crucial for growth. But what’s the best way to get started? Learning some basic business terminology is a good start. It’s a self-learning process, and it’ll only take a short time. With a little immersion into industry lingo, you’ll be able to converse with all sorts of people in the world of commerce. This article attempts to explain some commonly used business jargon, particularly relating to Alternative Funding, which aims to assist small business owners in...
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5 Tips to Prepare for Peak Season
07
Sep

BLOG – 5 Tips to Prepare for Peak

T’is almost the season…. The last 2 years have been so long yet have gone by so fast. With busy days filled with meetings and work, time sure is flying. Before you know it,  we will be in the 3rd quarter of 2021, with most SMMEs in South Africa ramping up to get ready for the peak season. Every business owner knows that the season flies in as fast as it flies out, so you need to be prepared as...
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31
Aug

BLOG – ProfitShare Partners announced as J.P. Morgan’s Abadali Fund official short term funding service provider

ProfitShare Partners is delighted to announce its appointment as the official short term funding service provider for the recently launched, Abadali Equity Equivalent Investment Programme (EEIP), an initiative between J.P. Morgan and the Department of Trade, Industry and Competition (dtic). The Abadali Fund is expected to result in R2-billion worth of capital support through short, medium and long-term finance over an eight-year period into the South African economy. Andrew Maren, CEO of ProfitShare Partners, says: “ProfitShare Partners is about growing...
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23
Aug

BLOG – Top Tips to Secure Small Business Funding

Small businesses are the backbone of the economy, yet there is little financial support available for them to flourish. If you’re a business owner, you’ve probably already had to take out a loan to cover your operating costs and ensure the future growth of your business. This is an incredibly common source of finance, yet it’s not ideal for SMMEs. Instead, business owners can get funding for their Purchase Orders or Contracts with us. ProfitShare Partners is a fintech company....
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17
Aug

BLOG – How Small Businesses Can Survive Lockdown

Businesses have been seeking every possible solution to ride this wild roller-coaster, from strict lockdowns to political and social upheavals, businesses are finding more and more ways to manage these volatile times. Here’s some helpful advice that will help you ride it through.   Know your Funding Options Knowing your funding options can help business owners through challenging financial times. The past few months have been tough on businesses, with a global pandemic on the one hand and political unrest...
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10
Aug

BLOG – Top 5 Ways to Support Fempreneurs

As the country works to overcome the economic effects of the global pandemic crisis, we can help the female-founded start-ups recover and grow. Here’s how we can support these female entrepreneurs.   Offer your Expertise We can all make a difference in the small business world. The need for small businesses is growing and it is vital that we support women who want to start their own businesses. The past year has shown us the value of communities supporting each...
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03
Aug

BLOG – 3 Easy Steps for Women to Access Funding

Women in business are a force to be reckoned with. Their power and advantage lie in their ability to be cut-throat business people yet kind and compassionate beings when needed. This powerful combination is an asset to any organisation. Throughout history, they have been pillars of strength and have grown businesses by being compassionate, patient and caring. They are not simply businesswomen, but also moms, wives, sisters, confidants, and caregivers to many. The success of female-led businesses positively contributes to...
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28
Jul

BLOG – Achieving Dreams through the Power of Alternative Funding

Tackling a dream! Achieved by the power of alternative funding Scoring a win-win! One of South Africa’s largest banks reached out to the ProfitShare Partners team was to help Sportsnation . The game plan was clear and the only goal we set out to achieve was a win-win for both teams. Let’s take you through the winning game plan.   Pre-Match Discussions Using our unique funding model to fund SMMEs in South Africa, we set out to bring it home...
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28
Jul

BLOG – This is How a Fintech Company can Radically Help you Scale your Business.

This is how a Fintech company can radically help you scale your business. You’ve heard us saying that we can help you scale your business. From entrepreneurs to fully-fledged businesses. We’ve even taken established businesses and given them the boost they needed to grow. In this blog piece, we bring you Rentoza. A South African SMME that flourished through the power of alternative funding. Let’s look at the use case and you can decide for yourself.   About Rentoza In...
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13
Jul

BLOG – 3 Steps to Access Funding

You’ve got important stuff to do. You’re in your hotel room, on a plane or in a meeting with other business owners. You’re focused on the task at hand, but you’re feeling stressed that you don’t know how you are going to finance the deal.  There’s nothing wrong with being stressed from time to time. It happens to everyone! But, it’s all right. If you want help getting that cash, simply reach out to us. We provide Purchase Order funding...
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06
Jul

BLOG – 5 Reasons Your Business Needs Funding

Funding is imperative for a business to get off the ground. It will allow your business to grow and move in the right direction. The process of getting a young business off the ground isn’t easy, and keeping it moving in the right direction can be even more difficult. The global economy is constantly changing, and businesses must follow the markets and be prepared for further funding opportunities. In addition to managing cash flow, you should also be ready for...
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Merchant Cash Advance
08
Jun

BLOG – Cash That You’ve Been Waiting For

All good things come to those who wait!  Believe us, the wait for this latest addition to our product offering has been almost unbearable. We were so eager and excited to get this product to market, but true to our nature, we had to perfect it. The reason is that this new product is a game-changer for SMMEs, who couldn’t previously access funding from us, like retail businesses, restaurants, beauty salons and a list of others. We think it is...
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08
Jun

BLOG – Myth Busters: We’re busting some common funding myths

Assumptions are a great thing. They save time and energy and help us get through our days with less hassle. However, our assumptions are not always correct. We’ve all met people who believe that they can fly, or that the moon landing was faked (or both). These are things that we call ‘myths’ – things that we believe to be true but haven’t checked the validity thereof. Funding myths are the biggest fear of any startup or small business owner....
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25
May

BLOG – Why You Should Encourage Clients To Localise Supply Chains

What is localisation? Localisation is the process of making products and services in a country, instead of importing them from somewhere else. It’s all about the local economy and providing opportunities for South Africans to do what they do best. Localisation can have tremendous benefits to the South African economy because it means we spend more money on local products and services. What does it mean for SMMEs? Localisation means more than just buying local products and services. It can...
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18
May

BLOG – A few tips on How to Save for Your Business

As small business owners, we all have to think about how we’re going to save for the future – and we’re not just talking about next year’s marketing budget. With this in mind, it’s a good idea to have a savings account for your business separate from your other accounts. This way, if you lose your job or your company runs into a rough spot, you’ll have money set aside in case you need it. If you’re trying to get...
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11
May

BLOG – Tips for Successful Purchase Order Funding

If you’re a business owner, you’re probably already familiar with the challenge of securing funding from your existing bank account to run your business. If you’re a small, medium or micro-enterprise (SMME), it can be even more difficult. As much as this is a standard go-to option for business owners, it’s not ideal. Instead, business owners can get funding for their Purchase Orders or Contracts with us. The best part is that you don’t have to give up any equity...
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Apply for funding
20
Apr

BLOG – Applying for Funding the Easy Way

Let’s set the scene. You’re a busy business owner with limited time and resources. You’re on the road, in boardrooms or even zoom meetings trying to ace that pitch or close that deal. But, you haven’t thought about much after that. You’re probably banking on your savings, considering an investor or dreading the awful task of asking a family member. That all sounds like financial anxiety. Don’t sweat it, though; we are here to take the stress off you. Apply...
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Business terms
13
Apr

BLOG – Business terms every business owner should know

Improving your business acumen is pivotal to your success. The first step is to understand the basic business terms. Nope, you do not need any formal qualification for this one. Just save this for ease of reference.   Let’s get straight into it:   Assets: Assets are tangible and intangible items that increase a firm’s value, benefit the firm’s operation, and can be converted to cash.   Business Acumen: The ability to understand how your business operates, make money and...
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06
Apr

BLOG – Running a Business during a Pandemic

Taking it a year back, to where it all started. It was the year 2020 when it happened. The World Health Organisation (WHO) declared that we were in a global pandemic. Most governments chose to lockdown their respective countries to prevent the spread of the virus, COVID-19. No matter their size, all businesses had to shut down or limit their operations and let staff work from home, where possible. We didn’t have much time to prepare, but we urgently had...
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23
Mar

BLOG – The Impact of COVID-19 on SMEs Operations

Is COVID-ERVERSARY now a thing? It’s been a year since we went into lockdown. With businesses being negatively affected whilst others prospered, it’s all been a great deal of change for SMMEs. Almost every conversation around this pandemic leads to the daunting topic of how SMMEs have been affected by COVID-19. It’s official. For a better understanding, an official study was conducted by Survey Fiesta in collaboration with SEDA, PPC, Edge Growth, ProfitShare Partners, INSETA, SiMODiSA, Secha Capital, Business Financial...
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16
Mar

BLOG – Innovative Funding Solutions Lead to Inclusive Economic Growth

There are always opportunities if we’re willing to open ourselves up to them. We have partnered with Youth Employment Service (YES) to provide an innovative, collaborative funding approach to drive inclusive economic growth in South Africa. YES is a joint national initiative between business, government and labour that aims to address the youth unemployment crisis in South Africa by providing a 12-month work experience to unemployed youth. YES has worked with over 1,304 South African companies to create more than...
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02
Mar

BLOG – Purchase Order Financing

Got that Purchase Order from your ideal client? That’s excellent news. A hearty congratulations to you! But wait, you can’t get finance from a bank and now you’re in a situation, don’t worry! ProfitShare Partners provides an alternative funding solution. We offer up to 100% capital ranging from R250 000 up to R5 000 000 per transaction with 0% interest but with an agreed share of that transaction’s profit. You don’t need to sell your shares to raise capital; you...
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23
Feb

BLOG – Your First Time Applying for Funding

What an achievement! You’ve started your first business… or perhaps you’re growing it and need access to cash to grow.  Irrespective, many small businesses, startups and young entrepreneurs find it challenging when applying for business financing or funding to achieve their goals. Most of these small businesses in South Africa are “unbankable” as they don’t seem to have a track record or financial history. Don’t be deflated or overwhelmed. Make use of alternative funding solutions like ours. That’s the fundamental...
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18
Feb

BLOG – You asked, We’ve answered

The ethos of our business is to help your small business do more business. Sometimes a small business owner merely needs a bit of advice and support to guide them to success. We’re here to be your support, to answer questions that you need answers to, that will help you get your business to the next level. Let’s look at the questions you’ve asked and the answers provided by our team of experts.   How do I apply for funding...
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09
Feb

BLOG | Our Application Process Is Paper-Less, Queues-Less And Fuss-Less

The last 300 odd days have certainly been filled with change. One of them being the transition from in-person to online. From online shopping to online schooling to online meetings. Each and every one of us has had to adapt to the fast pace changing world, this newly focused digital world. But, from where we started to where we are, we cannot imagine our lives without it. It’s brought simplicity and efficiency and in some respects, we really could do...
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26
Jan

BLOG – Top 5 Business Tips For Every SME

It’s that time of the year again. We are all getting ready for the year ahead. Taking in learnings from our experiences last year to planning and preparing for success this year. While 2020 will notably be recorded as the year of unrivalled hardship it has also made many businesses realise that they either needed to sink or swim. We’ve taken some of these learnings and we’re sharing it with small business owners to help them survive and thrive in...
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19
Jan

BLOG – Applying For Cash

Are you stuck for cash? Janu-Worry got the better of you? Funding, financing, loans, all of these terms seem to get business owners a bit worried. The perception is that this is a complicated and challenging process. If you’re looking for capital and have little or no experience then a ProfitShare Partner expert will guide and support you throughout the process. How do I apply? The minimum criteria for your SME to qualify for capital support is for your South...
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13
Jan

BLOG – Get Access to your Share of R100 million

A new year brings a world of opportunity. A new year has dawned upon us. It’s a new day, a new week, a new year. 365 days filled with opportunities. One of the best opportunities we can share with you is our #GetSAWorking initiative. The initiative is already 6 months in with R77 million cash dispersed. There’s still another R23 million left and we’re looking to help small businesses with this money. If you, or if you know anyone, that...
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04
Jan

BLOG – Understanding our capital solutions for you and your business

If accessing 100% of the capital doesn’t grab your attention, then maybe our maximum of 7-day timelines for payout will! ProfitShare Partners is in the business of helping SMEs grow. We put up the cash that small businesses need to procure goods and pay suppliers to deliver on their short-term contracts or orders with large corporate and government entities. We partner on the transaction by providing the capital and business support needed to help SMEs deliver successfully. Entrepreneurs come in...
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07
Dec

BLOG – A Few Simple and Easy Steps to Apply for Funding

We have a solution for what you think is a problem. Financial Freedom is a topic that is very much on our minds. We all know someone that has experienced a loss of income in some way during the course of this year. Many of us may see this as an opportunity to start a business. Unfortunately, for some, our entrepreneurial spirit is tested when we realise that securing funding for our business may prove challenging. The perception is that...
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30
Nov

BLOG – How SMEs can apply for purchase order financing.

For many years there’s been a significant gap in the market for business funding of SME’s and thus the birth of ProfitShare Partners. We’re passionate about enabling growth for entrepreneurs & small business owners. We want your business to do more business! Our company was created to help the SME sector and be a place where small businesses can seek capital for their business . About the #GetSAWorking initiative:  In June 2020 we launched the #GetSAWorking initiative. It’s an exciting...
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21
Sep

ProfitShare Partners to Award R1 Million Cash to the SME that Creates the Most Jobs

The Get SA Working SME Growth Initiative is in full swing with R27 million already disbursed to SMEs who have received their share of capital to do more business since 1 June 2020. Each of these recipients now stand in line to win R1 million in June next year! R1 million in cash can change everything for a small business! That is the cash prize that ProfitShare Partners will award to the SME that has received their share of R100...
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18
Sep

Breakfast Connect Interview with the NSBC

Our CEO, Andrew Maren speaks to NSBC founder and CEO, Mike Anderson about his business journey and what inspired him to start ProfitShare Partners in a recent online Breakfast Connect session. Andrew shares the challenges and victories he has experienced as well as the greatest lessons learned along the way. He also shares his views on the impact of the Covid-19 pandemic on small businesses: “This is probably the best time for SMEs to be in business – and the...
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27
Aug

Classic Business Interview with Michael Avery

At a time when SMEs need it most, ProfitShare Partners is providing the short-term capital support to get their deals successfully delivered. “SMEs with no access to funding, have no track record or financial history but have a valid PO or contract can benefit from our Get SA Working – SME Growth Initiative,” says Andrew Maren, our CEO who recently spoke to Michael Avery about the exciting Get SA Working initiative. Listen to the interview with Michael Avery on Classic 1027 about how...
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11
Aug

Get SA Working: Getting SMEs to do more business with access to their share of R100 Million

ProfitShare Partners has helped more SMEs to do more business this month. Shining the spotlight on Kelecorp (Pty) Ltd and Ndiene Supplies (Pty) Ltd, the FinTech business highlights how access to R100 million in capital has helped grow small businesses. Now in the second month of its Get South Africa Working SME Growth initiative, ProfitShare Partners is proud to announce that more SME businesses have successfully secured their share of R100 million in capital to do more business. Josias Kele,...
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07
Jul

Andrew Maren talks to Nompumelelo Siziba on SAfm Market Update with Moneyweb

ProfitShare Partners secures R100 million to assist SMEs in Covid crisis. Our CEO and founder, Andrew Maren, spoke to Nompumelelo Siziba​ on SAfm Market Update with Moneyweb yesterday about the R100 million funding line secured from the SA SME Fund to create further impact by helping SMEs with capital support and getting them back on their feet. Listen to the full interview here. Content hosted by iono.fm Published on Moneyweb: https://www.moneyweb.co.za/moneyweb-radio/profitshare-partners-secures-r100m-to-assist-smes-in-covid-crisis/
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02
Jul

ProfitShare Partners secures R100 million from SA SME Fund to provide much needed capital to SMEs

ProfitShare Partners provides disruptive alternative funding to SMEs that have a contract with a reputable company or government department to allow them to deliver on that contract.  At a time when South African SMEs need it most, FinTech SME capital provider, ProfitShare Partners today announced that it has secured R100 million from the SA SME Fund. This will allow ProfitShare Partners to partner with more small and medium businesses to provide much-needed capital to catalyse growth for SMEs. In the...
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01
Jul

Gallant Business Solutions, our First SME to Get a Share of R100 Million in the Get SA Working Initiative!

ProfitShare Partners is excited to announce the first SME to get their share of R100 Million through the Get SA Working SME Growth Initiative. Congratulations Andries Leboho, Director of Gallant Business Solutions! Launched in 2014, Gallant Business Solutions entered the market with a focus on the petroleum sector. In 2015, the SME applied for a petroleum wholesale license and once the company received their license, they soon realised that the industry was very hard to penetrate. To keep the company...
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01
Jun

R100 Million in Capital for SMEs to Get South Africa Working

Today, ProfitShare Partners launches an exciting year-long initiative designed to get small businesses working and creating jobs. In partnership with award-winning local community radio station, Hot 91.9FM, and the all-new ‘getlion’ mobile app designed to support SMEs in managing and growing their businesses, the disruptive Fintech provider will invest R100 million in capital to support SMEs to deliver on their contracts this year. The sweetener is a prize of R1 million for the small business that has created the most net jobs...
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06
May

ProfitShare Partners and FirstRand’s Vumela Fund Aid SMEs in Fight Against Covid-19, Supporting Supply of Essential Items

The FinTech disruptor has secured an additional R25 million funding line from Edge Growth-managed Vumela Fund recently to help SMEs supply and deliver essentials in the fight against Covid-19. ProfitShare Partners has secured an additional R25 million funding line from FirstRand’s Vumela Fund to support SMEs in need of capital to supply essentials to combat the spread of Covid-19. Since the start of the Covid-19 lockdown, ProfitShare Partners has partnered with a few SMEs to supply essential items, including the...
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ProfitShare Partners team at the Black Business Council Summit
17
Mar

Black Business Council Summit: 5 – 6 March 2020

ProfitShare Partners participated in the Black Business Council 2020 Summit held from 5 – 6 March with major industry leaders. The event centred on the theme: “The role of Black Business in Industrialisation, localisation, beneficiation & inclusive economic growth in creating employment”. The event highlighted the progress made by strategic partnerships. We at ProfitShare Partners are doing our share in aligning with such initiatives with the endeavour of stimulating job creation by being an active catalyst in enabling SME business...
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17
Mar

Flatten the Curve on #COVID-19!

ProfitShare Partners has taken the declaration of the national state of disaster very seriously. We are acting responsibly during this time and taking precaution in line with the President’s urgent address on COVID-19 on Sunday evening. We’ve partnered with a 100% black-owned pharmaceutical manufacturing company to locally manufacture products to aid in the COVID-19 outbreak and keep it at an affordable cost to the public. The rapid spread of COVID-19 is a major concern with increasing confirmed cases in South...
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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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09
Oct

Enabling Growth for Innovative Healthcare Solutions Provider, Bophelo Scientific

At ProfitShare Partners, we pride ourselves on our successful partnerships with innovative SME businesses. Bophelo Scientific shows how a small business can create high value through perseverance and commitment to delivery. Bophelo Scientific is a distributor of medical disposable products, primarily for the healthcare sector. Established in early 2017 in pursuit of creating a niche in the veterinary market that is led by a black, female- owned business, Bophelo Scientific has adopted a unique approach to offering solutions by specialising...
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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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