Lula Lend South Africa

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.