The Vumela Fund invests R25m (US$1.7m) in ProfitShare Partners

The Vumela Fund, managed by Edge Growth Ventures has invested R25 million in ProfitShare Partners, a company that provides equity for small to medium businesses that have binding contracts with their customers. The company is plugging the distress point of smaller businesses in the economy that are unable to access required support from banks and the debt capital markets.

Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable and a financially and operationally independent investment business which invests in high growth small, medium and micro size enterprises with good economic and impact returns.

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