NEXT176, a leading impact investment firm, has announced a significant investment of $400,000 (over R7 million) in Pumpkn, an innovative agri-lending startup. This investment aims to support Pumpkn’s mission of bridging the financing gap faced by small-scale agricultural businesses in sub-Saharan Africa.

Pumpkn: Connecting Farmers and Lenders

Pumpkn is a South African agri-tech startup that utilises technology to connect small- and medium-sized agricultural businesses (Agri-SMEs) with potential lenders.

By streamlining the lending process and providing access to much-needed financing, Pumpkn is empowering farmers and food processors to grow their businesses and contribute to food security in the region.

Key Benefits of Pumpkn’s Platform:

• Faster Access to Funding: Pumpkn’s digital platform allows Agri-SMEs to apply for loans and receive funding within 10 business days, significantly faster than traditional lending processes.
• Lower Costs: Pumpkn offers more affordable lending rates compared to traditional financial institutions.
• Data-Driven Decisions: Pumpkn uses data analytics to assess investment risk and determine the financial health of Agri-SMEs, ensuring that loans are allocated effectively.

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NEXT176’s Commitment to Sustainable Impact

NEXT176’s investment in Pumpkn aligns with its mission of supporting disruptive businesses that empower underserved sectors. By providing funding to Agri-SMEs, Pumpkn is contributing to food security, job creation, and economic development in sub-Saharan Africa.

A Powerful Partnership

NEXT176 is excited to partner with First Circle Capital, a Moroccan-based fintech investor, in this investment. The collaboration brings together expertise in finance and technology to create a powerful solution for African Agri-SMEs.

Pumpkn: Your Trusted Partner for SME Financing in South Africa

Pumpkn is more than just a lender; they are your dedicated partner in fuelling the growth of your small and medium-sized enterprise (SME) in South Africa.

They understand the challenges you face in today’s competitive business landscape and are committed to providing the financial support you need to overcome obstacles and achieve your long-term goals.

Why Choose Pumpkn?

• Flexible Funding Options: They offer a range of funding options to suit your business’s specific needs, from short-term loans to longer-term financing solutions.
• Fast and efficient: Their application process is streamlined and efficient, ensuring you get the funds you need quickly.
• Dedicated Support: Their team of experts is committed to providing personalised support and guidance throughout the funding process.
• Transparent Terms: They offer clear and transparent terms and conditions, with no hidden fees or surprises.

Their Funding Solutions

• Short-Term Loans: Bridge the gap between income and expenses with our flexible short-term loans.
• Supplier Financing: Get up to 60 days to pay your suppliers, giving you more time to manage your cash flow.
• Growth Capital: Access larger funding amounts as your business grows and demonstrates its potential.

How to Get Started with Pumpkn

1. Apply Online: Their simple application process takes just a few minutes to complete.
2. Get Approved: Their experienced team will review your application and provide a quick decision.
3. Access Your Funds: Once approved, you can receive your funds within 24 hours.

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To be eligible for funding through Pumpkn, businesses must meet the following criteria:

1. South African Registration: The business must be legally registered in South Africa with the Companies and Intellectual Property Commission (CIPC).
2. Active Directorship: The applicant must be a current director of the business.
3. Minimum Annual Revenue: The business must have an annual revenue of over R500,000.
4. Operational for at least 12 Months: The business must have been operating for a minimum of 12 months.

Become part of a growing community of South African SMEs that trust Pumpkn to fuel their success. With their flexible funding options, dedicated support, and transparent terms, they are here to help you achieve your business goals. Visit their website to learn more and apply for funding today.