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 corporate South Africa, [they] look at enterprise and supplier development. The biggest thing though is, businesses don’t know who to trust. What ProfitShare Partners does is, we’re able to almost guarantee the delivery to the corporate – so the corporate takes no financial risk or operational risk…