{"id":43767,"date":"2023-02-01T17:25:48","date_gmt":"2023-02-01T17:25:48","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m"},"modified":"2023-02-01T18:00:20","modified_gmt":"2023-02-01T18:00:20","slug":"sa-to-get-new-bank-next-month-as-lulalend-raises-r600m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m","title":{"rendered":"SA to get new bank next month, as Lulalend raises R600m"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>While SMEs are one of the largest contributors to private employment in South Africa, a significant proportion of these businesses remain unbanked or under-serviced by traditional lenders with limited access to credit.<\/p>\n

The $35 million was raised through Series B equity funding led by Lightrock LLP, the German development finance institution and the International Finance Corporation. Lulalend, which was founded by Gosling and Neil Welman, raised $6.5 million in 2019 in its Series A funding and has grown to employ 150 people.<\/p>\n

Lula already has 20 000 clients on the waiting list, Gosling said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. While SMEs are one of the largest contributors to private employment in South Africa, a significant proportion of these businesses remain unbanked or under-serviced by traditional lenders with limited access to credit. The $35 million was raised through Series B equity funding led by Lightrock LLP, the German development finance institution and […]<\/p>\n","protected":false},"author":84,"featured_media":43766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,3374,4471,275],"class_list":["post-43767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-bank","tag-lulalend","tag-south-africa-2"],"yoast_head":"\nSA to get new bank next month, as Lulalend raises R600m - South Africa<\/title>\n<meta name=\"description\" content=\"While SMEs are one of the largest contributors to private employment in South Africa, a significant proportion of these ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA to get new bank next month, as Lulalend raises R600m\" \/>\n<meta property=\"og:description\" content=\"While SMEs are one of the largest contributors to private employment in South Africa, a significant proportion of these ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T17:25:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-01T18:00:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/02\/postQueueImg_1675259752.64.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"813\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SA to get new bank next month, as Lulalend raises R600m\",\"datePublished\":\"2023-02-01T17:25:48+00:00\",\"dateModified\":\"2023-02-01T18:00:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m\"},\"wordCount\":112,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/02\/postQueueImg_1675259752.64.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"bank\",\"lulalend\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-to-get-new-bank-next-month-as-lulalend-raises-r600m\",\"name\":\"SA to get new bank next month, as Lulalend raises R600m - 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