Idan Jaan is a co-founder of new SME financing entity Fundrr. Speaking to Heavy Chef, he outlined the origin of the idea: “SMEs in South Africa do not last longer than three years due to the fact that they cannot get access to proper funding to either expand, grow or continue operating. We believe that accessing credit should not be a strenuous process - and so, we formed Fundrr.”
JUMO is a Heavy Chef community member and was a finalist in SA's Top 5 Most Exciting Startups in 2017. Having shared the Heavy Chef stage with this dynamic team multiple times, we are proud to relay some good news. JUMO has joined Google’s Launchpad Studio alongside some of the world’s top tech startups, such as Indonesia’s billion-dollar Go-Jek. JUMO is the first South African technology company to be selected for this programme.
Last week, accelerator programme AlphaCode, awarded entrepreneurial packages valued at R16 million to eight of South Africa’s most promising financial services startups. The entrepreneurial packages consist of R1 million in grant funding and R1 million in support, which includes mentorship, monthly expert-led sessions, exclusive office space in Sandton, marketing, legal and other business support services - as well as access to the broader RMI network. Click to read more about the eight winners.