Inaugural SA SMME Access to Finance Report - Media Reports

On 10 July the Inaugural South African SMME Access to Finance Report was launched in Johannesburg.

“We were aware that there was a need for this kind of information but the response to the inaugural SOUTH AFRICAN SMME ACCESS TO FINANCE REPORT has been overwhelming, it is very encouraging. People from across the sector have contacted us to thank us for publishing this research and some have also provided input and suggestions for the next report, ” said Finfind CEO Darlene Menzies.

Paul Smith from Ignitor about small business funding in South Africa. SAFM 11 July

Darlene Menzies, CEO of FinFind, on Cliff Central, talking about FinFind’s business model as well as about an Access to Finance report they recently conducted and concluded. 10 July.

Here’s how SA can ease SME’s access to funds with Darlene Menzies and Paul Smith – CNBC Closing Bell

In an effort to promote increased funding success of SMMEs in South Africa, the inaugural ‘SA SMME Access to Finance Report’ was launched today in Johannesburg. Joining CNBC Africa is Darlene Menzies, CEO of Finfind and Paul Smith Co-founder of Ignitor and Independent Researcher

With Finfind CEO, Darlene Menzies, about SMME funding in South Africa. SA FM, The View Point with Ashraf Garda. 10 July.

Interview with Darlene Menzies, CEO of Finfind, Classic FM, Business Breakfast. 10 July.

Radio 2000. FinFind data informs funders, assists SMEs ,one caller elaborates further.12 July

SABC News On Point. Interview with, Darlene Menzies – A CEO of Finfind, talking about the SA’s SMME Access to Finance report.12 July

SA’s SMME access to finance report

The SMME Access to Finance Report’ was launched on Tuesday in Johannesburg. The report analyses a unique data set, provided by Fin-find, of SMME funders and SMMEs seeking finance. To tell us more about this report we are joined from our Durban studios by Researcher Darlene Menzies. See SABC News above.

[ON AIR] @darlenemenzies #CEO of @finfindeasy speaks to @ernest_pillay about #SMMEAccessToFundingReport pic.twitter.com/iT9NF0bmbp

— SAfmRadio 📻 (@SAfmRadio) July 16, 2018

Ernest Pillay – The Home Run. Interview with Darlene Menzies from Finfind about SMMEs access to funding report. 16 July.

Channel Africa, SABC Change your Game. Interview with Finfind CEO Darlene Menzies about the SMMEs Access to Funding report. 16 July.

Online Print

How much money people say they need to run a small business in South Africa

Online finance portal Finfind has released its inaugural South African Small, Medium and Micro Enterprise (SMME) access to finance report.

Sponsored by the South African SME Fund, the report is based on a data sample of 11,033 SMME funding requests, making it one of the most comprehensive studies on access to finance in the sector.

Some of the key findings in the report include the need for funders to develop new credit scoring models to address the large credit gap, said Darlene Menzies, CEO of Finfind. Read more

FinFind data informs funders, assists SMEs

FinFind CEO Darlene Menzies explains the rationale for the report and some of its key findings on South Africa’s SMME funding landscape. Read More

SA small businesses were looking for R86bn in 2017 estimates Finfind report

A whopping R86-billion. That is the amount of finance that a new survey estimates that South African small businesses were looking for last year.

Released today by Finfind — an online platform that helps link small firms to funders — the South African SMME Access to Finance Report (2017) (find it here) estimates that the total annual funding requests for small businesses to be between R86-billion and R346-billion (depending on whether 20% or 70% of small firms were looking for finance or not). Read more

Everything you’ve ever Wanted to Know About SA’s Funding Landscape – Who is Getting it, how Much and Where from

Finfind an SMME funder yesterday released their inaugural ‘SA SMME Access to Finance Report’.

The report provides insights into the supply and demand for SMME funding, and profiles the SMMEs seeking finance; by geographic location, turnover, age of business, sector, job creation, financial need and amount of finance required. It also profiles the funders and finance products, and then looks at how the supply and demand compare. Read More

Bridging SMME funding gap to fire up innovationKathy Gibson reports from Sandton – While SMMEs lament the lack of funds available to them, investors battle to find investable SMMEs, creating a vicious cycle that results in a dire shortage of new small businesses and the resultant innovation they bring.

The newly-released South African SMME Access to Finance Report seeks to uncover the real reasons for poor SMME funding, and attempt to put small businesses and funders together. Read more

SMEs hobbled by funding gap

Small businesses are routinely cited as the answer to South Africa’s stubborn 26.7% unemployment rate. But startups, micro-enterprises, and small and medium businesses often struggle when faced with the “ f-word ” — funding.

A report released on Tuesday by Finfind, an online research and development programme that links small businesses and funders, highlighted that, even though “globally, over 95% of [small] enterprises employ 60% to 70% of the working population”, the sector remains underserved. Read more