Lulalend
Online lending platform that offers working capital loans to small businesses
Location: South Africa
Website: https://www.lulalend.co.za/
Sector: Fintech
Funding Stage: Series A, Debt, Debt, Series B,
Total Funding ($m): 46.95
# of Founders: 2
Founding Year: 2014
Funding Year: 2023
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2019 | $6.5m | Series A | IFC and Quona Capital, with participation from Accion Venture Lab and Newid Capital |
| 2021 | $0.75m | Debt | Lendahand |
| 2022 | $4.7m | Debt | Symbiotics |
| 2023 | $35m | Series B | Lightrock, DEG (Germany), Triodos Investment Management, Women's World Banking, IFC, Quona Capital |
Series A $6.5m
IFC and Quona Capital, with participation from Accion Venture Lab and Newid CapitalDebt $0.75m
LendahandDebt $4.7m
SymbioticsSeries B $35m
Lightrock, DEG (Germany), Triodos Investment Management, Women's World Banking, IFC, Quona CapitalNews
https://techcrunch.com/2023/02/01/south-african-digital-lender-lulalend-to-launch-banking-product-off-the-back-of-35m-series-b/