Bright On Capital is a South African financial services and fintech startup founded in 2014. The company operates as a peer-to-peer online enterprise-lending platform, facilitating SMEs in accessing working capital funding from a diverse pool of traditional and non-traditional lenders. Its lending network comprises development funding institutions, corporate enterprise development funds, and other institutional investors, enabling SMEs to secure $655.00K in Debt Financing investment as of 04 September 2019, with backing from AlphaCode Club. Furthermore, Bright On has forged partnerships with several South African corporates, government entities, and large enterprises to offer SME suppliers the opportunity to secure affordable working capital funding based on their invoices, providing them with a simple and efficient online access to credit, rapid screening, and quick funds disbursement.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | $655.00K | 1 | AlphaCode Club | 04 Sep 2019 |
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