UsPlus Secures $2M Investment from Verdant Capital Hybrid Fund: A Major Boost for SME Lending

UsPlus Secures $2M Investment from Verdant Capital Hybrid Fund: A Major Boost for SME Lending

UsPlus, a prominent financial services firm based in South Africa, is making waves in the working capital solutions sector for small and medium-sized enterprises (SMEs) by securing a significant investment aimed at enhancing its invoice factoring services. This $2 million mezzanine investment from Verdant Capital Hybrid Fund will empower UsPlus to better serve SMEs across various key industries.

About UsPlus and Its Mission

Founded in 2015, UsPlus specializes in providing vital working capital to SMEs that often face challenges in obtaining financing through conventional banking channels. The company is dedicated to supporting a range of critical sectors, including:

  • Manufacturing
  • Logistics
  • Agriculture
  • Renewable Energy
  • Local Service Providers

In addition, UsPlus places a strong emphasis on funding businesses that are led by women and those committed to sustainability-driven operations.

Investment Details and Future Plans

The recent investment from Verdant Capital Hybrid Fund, structured as junior convertible debentures, marks a significant milestone as it represents the fund’s fifth investment. With this additional capital, UsPlus plans to:

  1. Strengthen its balance sheet
  2. Expand invoice factoring services
  3. Attract additional senior debt funding

These initiatives are aimed at scaling financial support for SMEs, ensuring that more businesses can access the working capital they need to thrive.

Conclusion

UsPlus is poised to make a significant impact on the SME financing landscape in South Africa with its innovative working capital solutions. For more information on their services and offerings, visit UsPlus or explore additional resources on Verdant Capital.

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