Bridgement Finance

Nov 17, 2021


To help small businesses grow, Bridgement offers simple finance to small businesses across South Africa. Their loans enable businesses to expand their operations, take on bigger projects or bridge gaps in cash flow.

What sets Bridgement apart is its use of technology and data science to bring a new approach to traditional business finance. This allows Bridgement to simplify and reduce the costs of taking out a loan, and to offer “near-instant decisions on applications”.

“We are all about enabling growth for SMEs – helping them improve cash flow to take on bigger projects with longer payment terms. This requires speed of access, simplicity and transparency of terms. Our invoice financing product delivers that,” Daniel Goldberg, co-founder of Bridgement said in an interview with IT News Africa.

Bridgement focuses on invoice factoring, a working capital solution that offers the advantages of a line of credit with same-day funding speed. Their credit facilities range from R10 000 to R1 million.

Main Features
  • Qualifying Criteria – Bridgement offers funding to registered businesses from any industry sector.
    To qualify you need to meet the following minimum criteria:
    – Have a registered business in South Africa
    – Annual revenue over R500,000
    – Trading for longer than 6 months
    Bridgement does not offer startup grants or funding, finance to start or buy a business or finance to a new business with a tender or purchase order.
  • Repayment Terms – You may pay back your loan over 1 to 12 months. Bridgement also allows lenders to settle early at any stage and get rewarded with a discount.
  • Application process – Apply online and get pre-qualified for a financing facility. You will be required to share your banking or accounting data which will determine the limit on your credit facility.

Rates start at 1.7% per month and are dependent on several data points which include credit data, government data, legal records, other public data, trade history, quality of invoices and debtors, etc.

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  • Rewards for early settlement.


  • High monthly sales requirement to qualify.


Traditional bank loans can be a lengthy and complex process, often requiring significant collateral and a strong credit history. Bridgement offers an alternative funding solution. Here’s a breakdown:

  • Loan Approval: Bridgement uses an alternative data scoring system, making it potentially easier to qualify than a traditional bank loan.
  • Speed: Bridgement’s online application process can be completed quickly, with funding decisions often delivered within days.
  • Collateral: Bridgement typically doesn’t require traditional collateral like property, making it a good option for businesses with limited assets.

Bridgement can be a good option for a variety of businesses, especially those experiencing:

  • Growth: Needing capital to invest in inventory, marketing, or expansion.
  • Cash Flow Gaps: Bridging temporary gaps between expenses and income.
  • Unexpected Costs: Covering emergencies or unforeseen expenses.

Bridgement has a clear repayment structure outlined in the loan agreement. Not meeting repayment terms could lead to late fees, collections efforts, and potential damage to your credit score. It’s crucial to carefully assess your business’s ability to repay before applying.

The Bridgement process typically involves:

  • Online Application: Complete the online application form with details about your business and funding needs.
  • Documentation: Submit any necessary documents requested by Bridgement.
  • Credit Assessment: Bridgement will assess your business’s creditworthiness using its alternative data scoring system.
  • Loan Offer (if approved): Bridgement will present a loan offer outlining terms, interest rates, and repayment schedule.
  • Funding: Once accepted, Bridgement will disburse the loan funds to your business account.