The Department of Small Business Development and its agencies, the Small Enterprise Development Agency (Seda) and the Small Enterprise Finance Agency (Sefa), hosted the Inaugural National Presidential SMME and Co-operatives Awards in Bryanston on 13 November in Johannesburg. The prestige event is to recognise and celebrate the best performing SMMEs, Cooperatives and Ecosystem Enablers. The host of the event was Ms Stella Ndabeni-Abrahams (Minister of the Department of Small Business Development) and Mr Sidumo Dlamini  (Deputy Minister of the Department of Small Business Development).

The event launches the annual Global Entrepreneurship Week. It is a global campaign that helps millions of people unleash their ideas to start and scale new businesses.

The SEFA awards serve in the department’s endeavours to cultivate an enable an environment to develop and nurture innovative ideas and best practices across SME’s in SA.

Bizcash walked away as Fintech of the Year and Ecosystem Enabler of Year. A stunning achievement for such a young business.

The technical partner

Business Science Corporation (“BSC Global”), the development house behind the company, developed the software. BSC Global also manage the day-to-day technical support of the platform. The technical expertise of BSC Global is an intricate part of the Bizcash service offering, and the team is a critical element of the business. Both companies rely on innovating and adapting as new challenges arise in the South African SME market.

The Bizcash Mission

The team at Bizcash commits itself to develop S.A. Inc., a wholly South African business that supports and develops the growth of other South African companies. Partners, suppliers, and investors all have the same vision and execute this vision daily.

“This award is testament to great work our team is doing in helping grow businesses in South Africa.” Cuan Hopley, Bizcash CFO, says. “Bizcash, a member of the Preference Capital Group are proud to be doing our bit in helping grow the next generation of SME’s. We want to help them extend their reach and become more sustainable in their journey’s. We thank our entire Bizcash community for the trust you have shown and to Preference Capital our growth finance partner and support structure behind our organisation. This includes our stakeholders, our partners, and to everyone that has contributed to building our Bizcash ecosystem. Our clients remain at the forefront of all we do, we continue to work with them day in and day out to build businesses we can all be proud of. We are in this together and look forward to going from strength to strength.”

The company recently announced partnerships with Old Mutual, SEFA, Telkom, and King Price, to name a few South African businesses that align themselves with the SME lender, which is testament to the ecosystem Bizcash has created.

But this is just the beginning for Bizcash. The plan is to continue to grow and meaningfully impact S.A. SMEs’ ability to access cash that will continue to develop business, job creation, and community upliftment. A large part of the success of any SME is job creation. One enormous need in SA is to lift communities out of poverty and get the country to thrive.

The Bizcash Journey – Award Submission

Starting a South African SME in 2018, Bizcash understands the entrepreneur’s plight knowing first-hand what SME’s go through in S.A. The vision from the start has always focused on the development and growth of our local industry. We know that when you grow a business, you influence a family, a community, and a nation.

Over the last 50 months, Bizcash has funded over R1 Billion in funding to South African businesses. Our solutions are at the forefront of financial technology with speed and flexibility that businesses of today demand. We work alongside entrepreneurs, and over 1 000 small and medium South African enterprises have benefited from the solutions that we offer.

We are proud to be one of the few alternative lending platforms in SA that offers multiple working capital solution to the SME community. Bizcash offers five funding solutions on two digitally enabled platforms. South African development houses have designed and developed the two platforms for Bizcash. These platforms, coupled with an experienced team, assist clients through various journey stages by meeting many funding requirements.

They include options like invoice discounting, business loans, term loans, overdrafts and supply chain finance. We create an ecosystem for an SME to easily access products and services designed to serve various areas of a business. It has additional features like Debt Protection Insurance, Trade Credit Insurance, and Treasury Management services. These help our customers by improving their opportunities to grow their businesses.

Bizcash makes it easy to transact

Bizcash focuses on the fintech features to remove the traditional and mundane roadblocks businesses face in accessing business finance. Our platforms are a full credit Fintech, end-to-end solution. It houses our five solutions, capable of handling every stage of the client lifecycle, both client-facing and our back-office operations. It took a full-time development team a little over six years to build. We continue to enhance and develop it further in our mission to provide our clients with the most seamless lending experience. To date, the platform has processed thousands of transactions and disbursed over a billion Rand.

With our on-the-go services, clients can reach us anytime, anywhere! Our seamless onboarding process allows clients to register in under 2 minutes with no paperwork required!

Customers are in control

Customers take control of their accounts with online access to their funds. They manage their limits, download statements, and apply for increases with specialised attention from our team of professionals. We put our clients in the driver’s seat with more choices to manage their money with quick transactions, and transparent options. There are no surprises of added fees along the way and the ability to choose from our five funding solutions. Clients also have the option to decide on repayment terms that suit their business needs. And, the convenience of accelerated payment speed, we pay approved clients in under 24- hours.

There are no application fees, clients do everything online. We want to improve our customer’s knowledge of running a business. Our weekly online business content that is accessible to our 15,000-strong Bizcash SME ecosystem.

We know that we cannot do this alone. Bizcash collaborates with Old Mutual, SEFA, King Price and Telkom to expand our reach by offering financial support to SMEs through these channels. We create SME finance products for businesses to take to their customers with the same exceptional Bizcash service and support. We aim to make a meaningful contribution to growing S.A. Inc. to increase the South African SME market. With access to our funding, we see businesses stay open, grow in revenue, increase staff employment and expand.

Now, five years later, we see our vision coming to life.

Bizcash is a South African business that supports and grows SME’s with alternative funding options. Please speak to our team to find out more about how we can help your business remain in business. Get in touch with us on 0861 93 93 93 or email us on info@bizcashscf.co.za or contact us here.

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