FUNDINGUpdated 1 months ago

Lula Lend South Africa

Lula: Cape Town SME fintech, founded 2014. Cash Flow Facility + Fixed-Term Funding up to ZAR 5M (~USD 280K). IFC ZAR 170M (Nov 2025), FMO ZAR-denominated facility (~USD 21M Feb 2026). 90% first-time borrowers.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
Lula (Lulalend)
Location
South Africa, South Africa
Status
Open
Application Deadline
Rolling
Type
Working Capital
Amount
ZAR 10,000 to 5,000,000
Size
medium
Language
English
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Description

Lula (formerly Lulalend) is a Cape Town-based fintech founded in 2014 providing SME working capital loans across South Africa. The company offers two main products: a Cash Flow Facility (revolving credit line) and Fixed-Term Funding up to ZAR 5 million (approximately USD 280,000). Recent debt facilities include a ZAR 170 million (USD 10 million) facility from IFC in November 2025 and a ZAR-denominated facility from FMO of approximately USD 21 million in February 2026. Approximately 90% of Lula borrowers are first-time business borrowers, demonstrating Lulas role in expanding financial access to underserved South African SMEs. Other backers include BlueEarth Capital and Quona Capital.

Focus Sectors

SME, Working Capital, Cash Flow