Africa Angel Investors Network

Funding Tracker                 


LulaLend

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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: 2021
Status: Active
YearAmountStageInvestors
2019$6.5mSeries AIFC and Quona Capital, with participation from Accion Venture Lab and Newid Capital
2021$0.75mDebtLendahand
2022$4.7mDebtSymbiotics
2023$35mSeries BLightrock, DEG (Germany), Triodos Investment Management, Women's World Banking, IFC, Quona Capital
Trevor Gosling, Neil Welman, ,
Series A $6.5m
IFC and Quona Capital, with participation from Accion Venture Lab and Newid Capital

Debt $0.75m
Lendahand

Debt $4.7m
Symbiotics

Series B $35m
Lightrock, DEG (Germany), Triodos Investment Management, Women's World Banking, IFC, Quona Capital


News
https://techcrunch.com/2023/02/01/south-african-digital-lender-lulalend-to-launch-banking-product-off-the-back-of-35m-series-b/