The first fund of its kind in South Africa, Vumela's main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs.
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.
Growth finance of this nature is challenging to access in the SA economy as it falls into the 'missing middle'.
Vumela Enterprise Development offers
Vumela Enterprise Development funding applies to both early-stage ventures as well as more mature expanding businesses.
These are businesses that are:
Vumela Enterprise Development Fund actively works with its investees to ensure the growth of these businesses to achieve the objectives of sustainable job creation and related social impact.