TRANSACTION CAPITAL BUSINESS SOLUTIONS
Status: Completed investmentWhy disclosure?
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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 (RTF) is a specialist debtor finance and debtor administration business with a 100% focus on SME's in South Africa. RTF takes over and collects the full debtor books of its clients and finances/discounts the eligible quality debtor invoices. The full book of discounted and non-discounted invoices serves as collateral for RTF. Thanks to the highly collateralized nature of the business and very close follow-up on and monitoring of clients, RTF is able to finance companies which do not generally have access to regular banks. RTF is part of the Transaction Capital Group.
What is our funding objective?
RTF has set out an ambitious growth strategy. Our new loan enables the company to pursue this strategy, being ensured of a more diversified and stable funder base.
Why do we fund this investment?
The transaction with RTF allows SME's access to finance, making it an excellent match with the purpose of the MASSIF fund from which the transaction is financed. Next to our role of financier, we are also engaging with RTF to provide Capacity Development from MASSIF in the field of product innovation and/or risk management, which will further enhance our value proposition to the company.
More investments
| Date | Total FMO financing |
|---|---|
| 9/26/2019 | EUR 0.06 MLN |
| 6/19/2019 | EUR 0.04 MLN |
- Website customer/investment
- http://www.randtrust.co.za
- Region
- Africa
- Country
- South Africa
- Sector
- Financial Institutions
- Effective date
- 3/26/2015
- End date
- 10/17/2019
- Total FMO financing
- ZAR 100.00 MLN
- Funding
- MASSIF
-
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