South African Digital Lender Lulalend To Launch Banking Product Off The Back Of $35M Series B
Amount Raised
$35 Million
Round Type
Series B
Cape TownFinancial ServicesFinanceFintechLendingInvestors
Description
In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates.
Quick answer
Lulalend raised $35 Million in a Series B round, dated February 1, 2023. Investors: Quona Capital, The International Finance Corporation, Women’s World Banking, Triodos Investment Management, Deg and Lightrock. Lulalend is based in Cape Town, Western Cape, South Africa.
- How much did Lulalend raise?
- Lulalend raised $35 Million in a Series B round on February 1, 2023.
- Who invested in Lulalend?
- Quona Capital, The International Finance Corporation, Women’s World Banking, Triodos Investment Management, Deg and Lightrock are named as investors in this round.
- What does Lulalend do?
- Lulalend is a FinTech company with a belief in the power of small business, making a difference, building a better solution, and striving for excellence.
- Where is Lulalend based and how big is it?
- Lulalend is based in Cape Town, Western Cape, South Africa.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Lulalend that raised within 45 days of this round, from Fundz verified event records.
- Eightco Holdings raised $11M on March 15, 2023.
- Natech raised an undisclosed amount (Funding Round) on March 13, 2023.
- DirectID raised $9.6M (Funding Round) on February 22, 2023.
- Mintoak raised $20M (Funding Round) on February 21, 2023.
- Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
- Taurus raised $65M (Funding Round) on February 14, 2023.
Who to call at Lulalend, and when
A new round usually means Lulalend is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lulalend raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lulalend, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Lulalend. With Fundz connected, it knows.
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Fundz sees it the moment Lulalend raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansLulalend raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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