Provides quick and easy working capital funding to South African small businesses.
Auto-discovered — editorial review pending
Lulalend is a South Africa-based digital lender founded by Neil Welman and Trevor Gosling. It secured $35M in a Series B round led by Lightrock, with participation from DEG, Triodos Investment Management, and Women’s World Banking Asset Management. Existing investors like the International Finance Corporation (IFC) and Quona Capital also participated in the round. The funding will be used to meet the growing demand for fast access to working capital and to accelerate the rollout of Lula, its digital banking offering for SMEs.
| Date | Round | Amount | Lead |
|---|---|---|---|
| 17 أبريل 2023 | $35.0M | — | |
| 3 فبراير 2023 | $35.0M |