RedCloud announces Lending Feature for merchants in South Africa on the world’s first Intelligent Open Commerce Platform.

Johannesburg, 5 September 2023 – RedCloud South Africa is proud to announce the new Lending Feature available to its customers through the Red101 App.

All merchants on the RedCloud Intelligent Open Commerce platform will be able to access the capital they need to assist them in growing their business. This capital can be used to manage cash flow, purchase equipment, inventory, and other necessary items to expand their business.

The process for merchants to apply for capital is simple and straightforward; all they need to do is:

  1. Apply through the Red101 app.
  2. Select the capital amount and payback period and wait a few minutes for approval
  3. Capital is transferred to the merchant within 24 hours after approval.

RedCloud is proud to offer this feature to the thousands of merchants across emerging markets who lack access to credit facilities to help them grow their businesses. We have a deep understanding of the local consumer ecosystem and are able to work with channel partners at all levels to creat and unlock value across the entire supply chain.

Speaking about the launch of the lending feature, Sameer Jooma, the General Manager for RedCloud South Africa said “The launch of our capital lending feature for merchants is a catalyst for economic growth for small businesses who have been historically underserved. We are proud to support the thousands of merchants and businesses who work tirelessly to ensure the availability of essential consumer goods across South Africa”

About RedCloud 

RedCloud is a global technology company committed to enabling commerce everywhere, especially in emerging markets, by digitally connecting FMCG brands, distributors, and tech savvy micro entrepreneurs that enable them to sell smarter, buy better, and pay simpler. With its proprietary Open Commerce platform, RedCloud is poised to drive growth in the FMCG industry by providing new levels of visibility and enabling strategic decision-making based on real-time data analysis syndicated across the distribution chain.  

#Commerce #Partnerships #Collaboration #ecosystem #Capital #Lending #Funding #CashFlow