Verdant Capital (www.Verdant-Cap.com) is pleased to announce that it has facilitated and advised on the raising of EUR 2 million of debt funding for US Plus Limited (“UsPlus”), an innovative specialist SME financing firm based in South Africa.
The funding increases UsPlus’ capacity to finance SMEs in South Africa, thereby contributing to the country’s development agenda. The new funding further broadens the institutional funding base of UsPlus following the USD 10 million debt capital raise completed by Verdant Capital in 2022 and building on the Domestic Medium Term Programme registered on the Johannesburg Stock Exchange.
Studies show that SMEs contribute close to 30% of employment in South Africa, but most of these SMEs do not survive beyond 5 years due to a number of causes, of which lack of funding is a leading factor. Most SMEs are self-funded and struggle to access funds at various stages in their operation. The South African government, under its National Development Plan 2030, is looking to SMEs to help achieve its objective of creating 11 million jobs by 2030. Against this backdrop, UsPlus has been operating since 2015, specialising in the provision of tailor-made working capital finance solutions to SMEs through the purchase of transferable instruments such as invoices, purchase orders and contracts issued by or to its SME clients. This convenient and cost-effective solution gives SMEs access to funding to manage working capital and maximise profits. Verdant Capital has acted as an important catalyst for funding SME clients in South Africa and across the African continent.
Since its establishment, UsPlus has deployed over ZAR 3.7 billion (approx. USD 196 million) in working capital to SMEs. Its clients are actively engaged in over 25 industries, including agriculture and film production. UsPlus focuses on social, economic and environmental impact and works with SMEs that contribute to employment in South Africa, the upliftment of black-owned enterprises, women-owned enterprises and rurally located enterprises. Furthermore, the company is guided by the International Finance Cooperation’s Exclusion List and does not support businesses which operate within this list. UsPlus’ success stems from its highly experienced management team and technology-enabled operations, which 1) help meet customers at their point of need, 2) enhance client service experience, and 3) help manage business risk.
Verdant Capital has a strong funding pipeline for UsPlus which will continue to support the successes of the business.
Verdant Capital was the sole advisor and arranger of UsPlus’ International debt capital raise.
Distributed by APO Group on behalf of Verdant Capital.
Media enquiries:
Verdant Capital:
Liezel van Greunen,
T: +27 10 140 3700
E: liezel.vangreunen@verdant-cap.com
About Verdant Capital:
Verdant Capital is a leading investment manager and investment bank specialising in the private capital markets and operating on a pan-African basis. Verdant Capital is the manager of the Verdant Capital Hybrid Fund. www.Verdant-Cap.com.
Latest Stories
-
Mahama will make the economy viable for the youth to become entrepreneurs- Osman Ayariga
1 min -
East Legon crash: Police pursue TikTokers for ‘false claims’ about Salifu Amoako’s son’s location
29 mins -
Severe food shortage force some SHSs to serve repetitive meals
38 mins -
Don Julio 1942 launched by Guinness Ghana Breweries with an enchanting Halloween Ball celebration
40 mins -
3 Central Region MCEs intensify cholera control efforts after 5 deaths
46 mins -
Bawumia’s 12 ‘Bold Steps’ to expand educational opportunities for all
47 mins -
Mahama criticises NPP for accumulating energy debt to pass on to next NDC gov’t
48 mins -
Agromonti empowers Techiman farmers with sustainable agriculture training in CSR event
53 mins -
Ghanaians deserve certificates for enduring hardship under NPP – Mahama
54 mins -
AG’s office needs 1,500 public attorneys for proper discharge of functions – Godfred Dame
55 mins -
Court sentences man to life imprisonment for murdering girlfriend; daughter
1 hour -
Bawumia’s $80 bn value claim for Spotify, false – Dubawa
1 hour -
GBA President calls for transparent and fair December election
2 hours -
November 8 not a public holiday – Interior Ministry
2 hours -
Policies the Church can promote to ensure every birth by a congregant is wanted, not unintended
2 hours