Dov Girnun

  • Current company Merchant Capital
  • Location South Africa
  • Industry Fintech

Merchant Capital addresses South Africa’s growing SME financing gap, an impediment to economic growth and job creation, through lump sum, unsecured working capital loans made within 24-48 hours in exchange for a fixed percentage of future card sales. Merchant Capital’s credit underwriting team evaluates the last 6-12 months of a prospect’s business transactions with the help of a proprietary credit algorithm to dictate the cash advance and effective interest rate (percentage claim to future sales) the business qualifies for. Addressing a financing gap worth an estimated US$5B (US$8,500 average loan), Merchant Capital has extended over US$10M in working capital advances to more than 500 South African SMEs, sustaining 8,000 jobs.

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