Retail Capital Easy Funding Solution for South African SMEs - IT News Africa | Business Technology, Telecoms and Startup News

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Retail Capital a division of TymeBank is a one stop, one click funding solution for SMEs who need an instant cash injection.

The platform has cut out all the complicated administration that often accompanies procuring funding and simplified the process – making it easier for businesses to get the financing they need within 24 hours. Before, and during Covid the company was also monumental in ensuring business continuity for businesses across the country.

They literally only have to go through three screens. One screen requires confirmation with drag and drop scrollers where you can confirm how much you want to take and how long you want to take it for, the second screen is confirming your personal information like your ID number, proof of residence and banking details then the last step is where you apply and once you apply the contract gets sent through to the applicant and it can then be signed digitally.

What key advise can you provide a startup SME that wants to grow but does not yet have enough capital to request funding? What differentiates you from a bank lending service and why should an SME choose your service over the bank?

 

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