Imvelo Ventures is part of the Empowerment Capital group of companies and works with Capitec Bank among others to identify and fund promising South African small and medium enterprises (SMMEs) in the broad spectrum of financial technology.
“We’re looking for South African businesses developing unique fintech solutions for South African problems,” says Anton Bauman, [co-founder] of Imvelo Ventures. “A combination of commercial potential and social impact is a critical element we look for, and we’re also looking for companies that are already generating revenue.”
Baumann says that South Africa is fortunate to have an active enterprise development community, offering incubation and training opportunities for young, potential entrepreneurs still seeking a Big Idea, all the way to multi-million Rand venture capital investments.
“Successful businesses and their owners require different forms of support as they evolve from concept to startup to sustainable, profitable company. For this round of funding, we’re concentrating our efforts on established SMMEs that are ready to scale.”
Successful application is a competitive process that starts with an initial online assessment, followed by second-round interviews with the Imvelo team and their advisors.