This digital transformation partner recently delivered a significant project for a large government agency in Gauteng – ProfitShare Partners was proud to enable this SME in delivering thousands of software licences.
Established in 2013, Rifumo Empowerment Holdings (Rifumo) a 100% black-owned management consulting and ICT services company that is focused on facilitating the transformation of private and public enterprises to optimised, digitised organisations. As a Microsoft Gold-Certified partner, Rifumo has earned the highest standards of the global technology company’s widely recognised partnership programme.
The SME is passionate about quality and excellence, which is why it provides best-in-breed products together with experienced technical skills. Rifumo creates practical solutions to empower African communications and applies a rigorous approach to satisfy its customers’ business needs.
A First for an ICT SME
When the company was awarded a tender to deliver 25,000 Microsoft licences to the Gauteng Government recently, like many companies in that position, it set out to demonstrate its proficiencies in delivering digital transformation solutions. However, the size of the contract was substantial and required upfront expenditure, which presented cash flow concerns.
“The reason we contacted ProfitShare Partners is because we needed funding to get one of our projects running and our cash flow was limited. We met with the CEO who was very understanding, upfront and professional. After our deal was confirmed, ProfitShare Partners paid on time and in line with our agreement,” said Zwelakhe Masango, Finance Manager of Rifumo.
ProfitShare Partners assessed the deal and was able to fund Rifumo within seven days after accepting the Term Sheet. The funding provided the SME with the confidence and support to deliver their contract and demonstrate their key competencies.
“This is another sterling example of how SMEs can grow and become sustainable businesses. Rifumo had the capability and we were able to support them in funding the equipment they needed to deliver. It’s also a first for such a small black-owned company to execute on such a mammoth task – we’re proud to have played a role in that,” said Andrew Maren, CEO of ProfitShare Partners.