TRANSACTION CAPITAL BUSINESS SOLUTIONS
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Rand Trust Financiers is a specialist debtor finance and debtor administration business with a 100 percent focus on SME's in South Africa. Rand Trust takes over management and collects the full debtor books of its clients and finances/discounts the eligible quality debtor invoices. This unique approach to SME finance makes Rand Trust able to finance companies which do not generally have access to regular banks.
What is our funding objective?
Funding will be used to improve Rand Trust’s internal systems and processes, to ensure that they can source, serve, and manage clients effectively across their portfolio. This will be achieved through a comprehensive, four-pronged approach: (1) invoice discounting IT system development, (2) business intelligence software development and training, (3) CRM development and training, and (4) staff credit management training.
Why do we fund this investment?
Supporting Rand Trust in improving their internal systems and processes in turn improves the services offered to their clients, small and medium enterprises (SME) who are unable to access conventional credit. This approach of improving SME access to finance aligns directly with FMO’s mandate of promoting financial inclusion and economic growth within developing countries.
More investments
| Date | Total FMO financing |
|---|---|
| 9/26/2019 | EUR 0.06 MLN |
| 10/17/2019 | ZAR 100.00 MLN |
- Website customer/investment
- http://www.randtrust.co.za
- Region
- Africa
- Country
- South Africa
- Sector
- Financial Institutions
- Effective date
- 4/22/2016
- End date
- 6/19/2019
- Total FMO financing
- EUR 0.04 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C