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ProfitShare Partners Launches A $5.9 Million Fund For South African SMEs

ProfitShare Partners, the South African fintech business that provides disruptive short-term capital solutions (from R250,000 — R5m) and transactional support to SMEs who have no access to funding, in partnership with award-winning local community radio station Hot 91.9FM, and the all-new ‘getlion’ mobile app have launched an exciting year-long initiative designed to get small businesses working and creating jobs.

The all-new ‘getlion’ mobile app is designed to support SMEs in managing and growing their businesses, and ProfitShare Partners, the disruptive Fintech provider, will invest R100m ($5.9m) in capital to support SMEs to deliver on their contracts this year. The sweetener is a prize of R1m for the small business that has created the most net jobs during the period of the campaign from 1 June 2020 to 31 May 2021.

Here Is What You Need To Know

  • The Get South Africa Working campaign is an initiative that was introduced by ProfitShare Partners’ founder and CEO, Andrew Maren to help small and medium sized businesses create jobs and to keep them going, and this has become even more relevant now during these challenging times.
Image result for profitshare za
  • SMEs and entrepreneurs have the power to change the status quo, especially in challenging times. Starting today, 1 June 2020, the Get South Africa Working initiative will be providing up to R10m in capital to SMEs per month to grow by partnering with them on their contracts or valid purchase orders that they have or are trying to get with large corporates and certain Government Departments.
  • To enter, South African SMEs and entrepreneurs must download the ‘getlion’ mobile app, available for iOS and Android devices, to track their business performance and apply for capital support via the ProfitShare Partners website. Full details are also available on the Get SA Working website.

In the final month of this initiative, ProfitShare Partners will give a R1m cash prize to the small business that has created the most net jobs in the period. Powering this initiative as the official media partner of the Get SA Working initiative, multi award-winning, local community radio station, Hot 91.9FM, is the proud broadcasting partner and will be running all of the latest news and announcements for the campaign.

To top it off, together with Hot 91.9FM, ProfitShare Partners will be giving away R10,000 in vouchers every month to help existing and would-be business owners and SMEs to start up or keep going. To enter, download the getlion mobile app, send what your business would do with R10,000 to the Hot 91.9 FM WhatsApp line 084 2212 919 and listen to Hot 91.9FM daily for more. 

Visit getsaworking.co.za for more information.

Source: https://afrikanheroes.com/2020/06/04/profitshare-partners-launches-a-5-9-million-fund-for-south-african-smes/

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Nichole Manhire

Is the productive executive for the media department at GetFundedAfrica

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