Flexible Growth Capital Explained: How Kholo Capital Funds the Missing Middle

This episode of the SME South Africa Podcast dives into mezzanine debt, flexible finance, and what makes established growth-stage businesses fundable. The conversation unpacks why many medium-sized businesses fall into the missing middle: too mature for early-stage funding but not always aligned to traditional bank lending. Mokgome explains how Kholo Capital supports businesses with growth and acquisition capital, how funders assess risk, and why responsible capital matters in a country facing over-indebtedness and uneven access to finance.

About the Guest

Mokgome Mogoba CA(SA) is the Founder and Managing Partner of Kholo Capital, a R1.4 billion mezzanine debt fund. He has more than 24 years of experience in investment banking, private credit, fund management, and deal-making across South Africa and the broader region.

Guest Socials
Connect with Mokgome Mogoba on LinkedIn.

Link to resources

◾Kholo Capital website: https://kholocapital.co.za/

◾ African Business article: https://african.business/2026/04/african-banker/kholo-capital-bets-on-growth-with-flexible-finance

◾ Startup Africa Bayport SA article: https://www.startup.africa/kholo-capital-invests-r200-million-in-bayport-sa-to-tackle-employee-debt-and-boost-financial-wellness/

👉Join us at the SME Funding Summit. Grab your ticket before they run out!

⁠⁠https://events.smesouthafrica.co.za/funding-summit-2026