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
Investors
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
Cape Town, WC 8000
SA
Phone
Website
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!
Management Team
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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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