Tech Company Financing Transactions

Lulalend Funding Round

Lightrock, DEG and IFC participated in a $35 million Series B venture round for Lulalend. The financing round was announced on 2/1/2023.

Transaction Overview

Company Name
Announced On
2/1/2023
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to accelerate growth of its loan book, bring new solutions to market, invest in digital capabilities, secure new talent and accelerate the rollout of Lula, its new digital business banking product.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
3rd Floor Pier Place Heerengracht Street
Cape Town, WC 8000
SA
Email Address
Overview
Lulalend is more than a company. It's a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
Profile
Lulalend LinkedIn Company Profile
Social Media
Lulalend Company Twitter Account
Company News
Lulalend News
Facebook
Lulalend on Facebook
YouTube
Lulalend on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Trevor Gosling
  Trevor Gosling LinkedIn Profile  Trevor Gosling Twitter Account  Trevor Gosling News  Trevor Gosling on Facebook
Chief Technical Officer
Neil Welman
  Neil Welman LinkedIn Profile  Neil Welman Twitter Account  Neil Welman News  Neil Welman on Facebook


 

 

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Next: 2/1/2023: Fluffy venture capital transaction

 

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About Our Venture Capital Transactions Database

We report on funding rounds that are announced publicly. VC transactions on this site are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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