Impact SA

Vumela Fund

FNB commits R200 million for SME development with launch of Vumela 4

Significant and growing unemployment and poverty are risks to the sustainability of South Africa. A growing and sustainable SME sector does a great deal to contribute to the alleviation of these factors. Image: Richard Rose, CEO of the Fund Management division for Edge Growth To further assist this sector, FNB this week announced a R200 …

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Interior construction & fitout company gets investment boost

The Vumela Fund, established by FNB Business and Edge Growth, has announced a new investment in TSK Interiors, one of South Africa’s leading black-owned commercial interior fitout and construction companies. The funding is expected to help unlock additional liquidity to allow TSK Interiors to capitalise on larger and more resource-intensive opportunities in the market, with …

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Rand Pharmaceuticals on the path to rapid growth

The Vumela Fund, established by FNB Business and Edge Growth, has announced a new partnership with Rand Pharmaceutical Distributors that will see the expansion and growth of this innovative 100% black-owned and managed company that services independent pharmacies, private practices and small clinics. “Vumela sees an opportunity to support an acquisition that will boost capacity …

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Kombo King turns up the heat as the Vumela Fund announces an investment in innovative food technology

The Vumela Fund, established by FNB Business and Edge Growth, has announced a new investment in Kombo King (Pty) Ltd, a proudly South African kitchen equipment supplier focusing on the fried food niche market. Co-founder and Chairman KK Combi says: “On a trip to Beijing, I realised the importance of speed to service customers on …

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Inoxico enables sustainable business growth

Credit-focused fintech helps drive better business decisions The Vumela Fund, established by FNB Business and Edge Growth, is excited to announce an equity investment into Inoxico, enabling the company to continue establishing itself as a recognised commercial credit risk technology provider. The importance of trade credit Inoxico is a tech company that uses trade credit …

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Animation and gaming startup, Sea Monster Makes a Huge USD1m Splash

Animation and Gaming Company Sea Monster partners with Edge Growth and FirstRand’s Vumela Fund to unlock digital solutions Animation, gaming and AR/VR company Sea Monster today announced the conclusion of a USD1m investment from FirstRand’s Vumela Fund, managed by leading SME Venture Fund Manager Edge Growth, which will change the way corporates tackle training and …

Animation and gaming startup, Sea Monster Makes a Huge USD1m Splash Read More »

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