ProfitShare Partners
OperatingProfitShare Partners utilises tech to fast-track SME performance and delivery through its profit-sharing business model.
- Financial Services
- Johannesburg, South Africa
- Debt Financing
- Founded 2017
- profitsharepartners.com ↗
- Total raised
- $7.4M
- disclosed
- Last round
- $5.9M
- Debt Financing
- Rounds
- 2
- since 2017
- Investors
- 2
- on record
- Employees
- 2-10
About ProfitShare Partners
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.
ProfitShare Partners funding2 rounds
All 2 rounds →ProfitShare Partners has raised $7.4M across 2 disclosed rounds. The latest is a $5.9M Debt Financing announced 02 Jul 2020, led by SA SME Fund.
- $1.5MDebt FinancingDebt Financing, $1.5M, $1.5M raised to date
- $5.9MDebt FinancingDebt Financing, $5.9M, $7.4M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in ProfitShare Partners
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 02 Jul 2020 | ProfitShare Partners Debt Financing | SA SME Fund | $5.9M |
| 05 Nov 2019 | ProfitShare Partners Debt Financing | Edge Growth | $1.5M |
ProfitShare Partners founders & team
- Byron RiddleCFO
- Andrew MarenCEO
ProfitShare Partners competitorssame sector · similar funding
- Spartan SME FinanceJohannesburg, South Africa
- SourcefinJohannesburg, South Africa
More Financial Services startups in South Africa
- TaxTim
TaxTim simplifies South African tax filing through conversational guidance, automation, and SARS integration. · South Africa
- VantagePay
VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services and Consumer Product Industries. · South Africa
- Abela
Abela is a QR enabled payments platform that allows anyone with a cellphone the ability to earn, spend and save their money. · South Africa
- Whoosh
Whoosh is a Payment gateway service provider allowing merchants to process transactions · South Africa
- Entersekt
Entersekt is a single authentication hub allowing consumers to transact securely and easily on any digital channel, from any device. · South Africa
- SwitchPay
SwitchPay is an alternative payment provider offering both merchants and consumers a new way to pay. · South Africa
Frequently asked about ProfitShare Partners
- Where is ProfitShare Partners based and when was it founded?
- ProfitShare Partners is headquartered in Johannesburg, South Africa and was founded in 2017.
- Who is the CEO of ProfitShare Partners?
- Andrew Maren is ProfitShare Partners' CEO.
- How much funding has ProfitShare Partners raised?
- ProfitShare Partners has raised $7.4M across 2 disclosed rounds. Its latest, a $5.9M Debt Financing, was announced on Jul 02, 2020.
- Who has invested in ProfitShare Partners?
- Backers include SA SME Fund and Edge Growth.
- What sector is ProfitShare Partners in?
- ProfitShare Partners operates in Financial Services and FinTech.
