Telkom’s fintech business Telkom Business has launched a new small business funding solution called Telkom Lend which will allow small businesses to access up to R5 million in business financing in as short a period as 24 hours. In a statement released on Thursday Telkom Business says through an online application, small businesses can get access to a minimum of R20 000 in funding. “Applications are checked for eligibility with Telkom’s proprietary automated scoring model,” it says.
Read: SMEs need urgent support “Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral,” managing executive of Telkom Financial Services Sibusiso Ngwenya says.
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