FNB Commercial, together with Edge Growth, manage the Vumela Enterprise Development Fund and through it makes equity investments into high growth SMEs currently struggling to
access finance through traditional channels.
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Purchase Order Finance
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Supply Chain Debt Finance
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Transformation Equity Finance
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Growth Equity Finance
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Venture Debt (New)
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Accelerate Loan (New)
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INVESTMENT SIZE & HORIZON
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R300k to R5m 0 - 6 months
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R1m to R10m 3 - 5 years
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R10m to R30m 5 years
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R10m to R40m 5 - 6 years
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R10m to R20m 1 - 5 years
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R100k to R2m 1month - 3 years
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SIZE AND STAGE OF BUSINESSES
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Revenue: R0 - R50m Very early to late growth stage
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Revenue: R5 - 50m Early-stage growth phase Strong preference for businesses with supplier contracts
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Revenue: >R20m Mature businesses seeking transformation for further growth
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Revenue: >=R5m Preference for businesses that are cash flow positive, profitable, or approaching profitability
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Revenue: >R15m High growth tech-enabled scale ups. Recently or currently raising Series A or B funding.
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Revenue: R0-R50m Very early to late growth stage
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PURPOSE OF FINANCE
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Purchase order finance
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Capex strongly preferred. Working capital or Opex, provided there can be some form of surety
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Shareholders buy-outs
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Capex, working capital or opex with a small proportion going to shareholder buy-outs
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Capex, working capital or opex
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Purchase order finance. Capex, working capital or opex
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BEE/TRANSFORMATION
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May be >0% Black-Owned
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Must be >51% Black-Owned
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Must be >51% Black-Owned post investment. Vumela equity is BEE
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Must be >51% Black-Owned post investment. Vumela equity is BEE
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Must be >51% Black-Owned
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Must be >51% Black-Owned
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SUPPLY CHAIN ALIGNMENT
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Must be a direct supplier to another company (B2B or B2B2C business model)
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Must be a direct supplier to another company (B2B or B2B2C business model)
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Must be a direct supplier to another company (B2B or B2B2C business model)
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Must be a direct supplier to another company (B2B or B2B2C business model)
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Must be a direct supplier to another company (B2B or B2B2C business model)
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Must be a direct supplier to another company (B2B or B2B2C business model)
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SECTOR
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No mandatory sector requirements
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No mandatory sector requirements
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No mandatory sector requirements
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Focus areas: Education, Healthcare, Digital Inclusion, Green Economy
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Focus on tech-enabled with recurring revenue
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No mandatory sector requirements
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DEAL
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Loan with profit share
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Debt
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Equity
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Equity
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Term Loan
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Term Loan
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