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We back the SMMEs others overlook – then get out of the way and watch them deliver. These are the stories of what happened next, told by the founders themselves: bigger projects taken on, more people employed, and opportunities that would otherwise have slipped away.
Sourcefin clients have used funding to take on work they could not have funded alone – and grown because of it. A wastewater contractor turned a first R2.6 million advance into around R320 million invested and a follow-on award worth roughly R868 million. An ICT group grew from 7 to 73 employees in about two and a half years. An engineering firm now employs over 200 people, and a marketing agency went, in the founder’s words, from small to huge.
These stories are about the impact of our funding, across industries from wastewater and ICT to engineering and marketing. The community work our team does beyond the deals lives on our community impact page. This repository grows as more clients share their stories.
Sourcefin is industry-agnostic – if the opportunity is solid and the people are right, we fund. Here are four founders on what changed when they had a funding partner that backed the opportunity, not just the history.
A national-importance wastewater project carried R100,000-a-day delay penalties, and the banks needed two to three weeks. Sourcefin funded the kick-off within days, turning a first R2.6 million advance into around R320 million invested to date. A R868 million Rand Water reservoir award followed the delivery.
Pythagoras had four projects in hand but a balance sheet built for two. Sourcefin customised the funding to fit the business rather than a tick-box. The team grew from 7 to 73 people in roughly two and a half years.
Enelad’s clients paid on 60-day terms while salaries fell due at month-end and creditors on the 7th. Invoice discounting bridged the gap and freed the team to take on more work. The business now employs over 200 people.
Enhle Brands works with major names on long corporate payment terms. A Google search for invoice funding led to Sourcefin and an offer within two hours. That cash flow let the agency take on Heineken, Amstel and Windhoek.
Straight from the founders we have backed. More voices get added as more clients share their stories.
From the first 2.6 million rand that Sourcefin advanced, we have managed to invest about 320 million rand to date.
What Sourcefin has done is mitigate the risk of being brave enough to go for more projects. We can sleep at night knowing the funding will be there.
Sourcefin is essentially an open cheque for me. As a sales team, whatever deals you bring, we have a funder on board.
My business went from small to huge because of Sourcefin. I couldn’t fault them on a thing.
They understood what we were doing the project for. We explained the vision, and they bought into it. It was about growing together in partnership.
You understand the business first, and then you say, okay, let’s make the glove to fit. That is what I liked about Sourcefin.
It’s the relationships I have at Sourcefin. It’s just open communication. That’s the key thing for me.
Sourcefin’s approach is that they’re interested in you and your business. They really do look into you.
I was travelling in South America with an urgent need for funding. Over WhatsApp, a four-minute discussion, and we had it before I boarded my next flight.
What I liked about Sourcefin was the efficiency of the 24 to 48 hours. A lot of these projects are time-sensitive.
If you have won the work and need the funding to deliver it, let’s talk. We back the opportunity, not just the history.
