FundMyPo launches innovative funding solutions for South African SMEs today

IN A BID to bolster the growth of South African small and medium-sized enterprises (SMEs), FundMyPo has unveiled a range of funding services that promise to streamline access to capital and fuel business expansion.

- MASABATA MKWANANZI

Launched on March 20, the innovative offerings aim to dismantle the barriers that often prevent SMEs — the lifeblood of the local economy — from securing crucial financing.

According to Tshepiso Mathaphuna, CEO of FundMyPo, the platform is designed to help SMEs leverage their invoices and purchase orders to access funding swiftly, enhancing liquidity and driving sustainability.

“With the South African SME sector contributing significantly to the country’s economic growth, FundMyPo recognises the critical role of access to capital in unlocking their potential,” he stated.

Many SMEs grapple with traditional financing obstacles, including limited access to credit and protracted approval timelines.

Mathaphuna emphasises the necessity of providing a rapid and flexible alternative for businesses in dire need of financial assistance.