Startups
ProfitShare Partners is an innovative FinTech company that offers short-term capital solutions in the market to enable growth for SMMEs. We are disrupting traditional models to empower small business and encourage economic trade.
There is an obvious gap between what traditional financial institutions offer SMMEs and what government is driving for the sector. Our solutions deal directly with this because we are changing the perception that SMMEs are high risk. We manage the 'risk' through our profit sharing model by partnering with small businesses that have been awarded valid contracts and projects.
Our success is measured by the success of our clients. We enable and support small business to ensure their sustainability because when our clients no longer need us, that’s when we’ve achieved our goal.
There is an obvious gap between what traditional financial institutions offer SMMEs and what government is driving for the sector. Our solutions deal directly with this because we are changing the perception that SMMEs are high risk. We manage the 'risk' through our profit sharing model by partnering with small businesses that have been awarded valid contracts and projects.
Our success is measured by the success of our clients. We enable and support small business to ensure their sustainability because when our clients no longer need us, that’s when we’ve achieved our goal.
Overview
Location
South Africa, Gauteng, Johannesburg
Employees
11-50
Total raised
$5M
Founded date
2017
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 14
| Date | Title | Description |
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| May 24, 2023 | Africa Tech Summit London Announces 12 Ventures For Investment Showcase At London Stock Exchange on June 23rd TechCabal’s 2021 Year-End report Success! | Africa Tech Summit London has announced 12 African tech ventures who will showcase investment opportunities to investors, corporates and industry experts at the London Stock Exchange on 23rd June. The Africa Tech Summit Investment Showcase ... |
| Jul 7, 2020 | Fintech company, ProfitShare Partners secures $5m to support South African SMEs | This article is brought to you as part of a new partnership between two of Africa's foremost news and information platforms for African tech startups, Techpoint Africa and Ventureburn Share this article: Fintech SME capital provider, Profit... |
| Jul 7, 2020 | Fintech company, ProfitShare Partners secures $5m to support South African SMEs | Fintech SME capital provider, ProfitShare Partners has secured $5m from the SA SME Fund. With this funding, ProfitShare Partners looks to partner with small and medium businesses to help accelerate growth for Sout... |
| Jul 6, 2020 | ProfitShare Partners secures R100-million for SA SME’s | The FinTech SME capital provider, ProfitShare Partners has secured a whopping R100-million from the SA SME Fund. With this funding, ProfitShare Partners will be able to partner with small and medium businesses to help accelerate growth for ... |
| Jul 6, 2020 | ProfitShare Partners secures R100-million for SA SME’s | The FinTech SME capital provider, ProfitShare Partners has secured a whopping R100-million from the SA SME Fund. With this funding, ProfitShare Partners will be able to partner with small and medium businesses to help accelerate growth for ... |
| May 12, 2020 | Covid-19 and African tech startups roundup [12/05/2020] | FirstRand’s Vumela Fund has committed an additional R25-million to SA fintech lender ProfitShare Partners to lend to small businesses needing capital to supply essentials to fight the Covid-19 pandemic. This, while SA civic startup GovChat... |
| May 12, 2020 | Covid-19 and African tech startups roundup [12/05/2020] | FirstRand’s Vumela Fund has committed an additional R25-million to SA fintech lender ProfitShare Partners to lend to small businesses needing capital to supply essentials to fight the Covid-19 pandemic. This, while SA civic startup GovChat ... |
| Nov 5, 2019 | Fintech ProfitShare Partners secures R25m capital line from Vumela Fund | Johannesburg-based fintech ProfitShare Partners has secured a R25-million capital line from the Edge Growth Ventures-managed Vumela Fund. ProfitShare Partners, which was founded in 2017 by Andrew Maren (pictured above right, with Vumela Fun... |
| Nov 5, 2019 | Fintech ProfitShare Partners secures R25m capital line from Vumela Fund | Johannesburg-based fintech ProfitShare Partners has secured a R25-million capital line from the Edge Growth Ventures-managed Vumela Fund. ProfitShare Partners, which was founded in 2017 by Andrew Maren (pictured above right, with Vumela Fu... |
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FAQ about ProfitShare Partners
When was ProfitShare Partners founded?
ProfitShare Partners was founded in 2017.
How much funding has ProfitShare Partners raised?
ProfitShare Partners has raised $5M in total across 1 funding round.
What has the press written about ProfitShare Partners?
Parsers VC has collected 14 articles mentioning ProfitShare Partners, among them “Africa Tech Summit London Announces 12 Ventures For Investment Showcase At London Stock Exchange on June 23rd TechCabal’s 2021 Year-End report Success!” (May 24, 2023) and “Fintech company, ProfitShare Partners secures $5m to support South African SMEs” (Jul 7, 2020).
Is ProfitShare Partners still active?
Yes, ProfitShare Partners is active; its latest activity on Parsers VC dates from May 26, 2023.