Access to funding has always been a barrier for small businesses. Thanks to the rise in alternative financing platforms, that barrier has reduced and the application process is not as time-consuming. Another type of platform that is gaining popularity in the small to medium-sized enterprise (SME) sector is funding marketplaces.
What is a Funding Marketplace?
A funding marketplace (or lending/capital marketplace) is an online platform that connects borrowers or businesses seeking capital with multiple potential lenders, investors, or financial institutions through a single application.
An ideal platform for SMEs looking to connect with various lenders through one application is Get Funds.
What is Get Funds?
Get Funds helps South African small and medium businesses access finance by connecting them to various funders rather than being a single lender. The aim is to shorten the search, so instead of applying to many funders one by one, you go through a single point.
What you get
- A single route to explore multiple lending options.
- Matching based on your business and how much you need.
- Less time spent chasing individual lenders.
- A starting point for owners new to business funding.
How it works
You share your business details and funds need, and the service works to connect you with suitable finance options. Costs and terms come from the eventual lender and are quoted before you commit to anything.
Our take
A matching service can save real time if you are early in the funding journey and unsure where to start. To improve your odds wherever you apply, get your numbers in order first: see what makes a business bankable, and compare the full funding range we cover.
Related: All funding options · What makes a business bankable · Cash flow