Trevor Gosling offers business funding in South Africa

By : Melchior Koba

Date : mercredi, 15 février 2023 11:55

He is a chartered accountant whose professional career includes positions at multinational corporations. He founded the fintech company Lulalend to allow access to quick and transparent business funding for SMBs.

Trevor Gosling (photo) is a South African chartered accountant who graduated from the University of Pretoria, where he studied from 2000 to 2004. He is also a tech entrepreneur. In 2014, he co-founded the financial technology startup Lulalend, which provides South African businesses with the funds they need to grow.

His startup offers up to US$280,000 in business financing to businesses that have been in operation for at least a year and have monthly sales of about US$2,200. The startup has developed a system that uses various data points to analyze loan applicants' financial health, business model, and cash flow potential to enable sound credit decisions. 

In February 2023, the startup completed a US$35 million Series B funding round. The financial resources are expected to help expand its operations in South Africa and commercialize new products to improve access to financing for more than 2 million formal and informal small and medium-sized enterprises (SMEs) in the country.

" With this additional capital available, and the support of our investors, we are now better placed than ever to deliver on our vision of driving financial inclusion and acting as a catalyst for growth across the SME sector. […] I’m incredibly excited about the future of Lulalend and the positive impact we can have on South Africa’s SMEs, which as we know are so crucial to the nation’s economic development," Trevor Gosling said.

Before Lulalend, in 2012, Trevor founded 5 ounces, an e-commerce platform specializing in wine and gourmet products. The platform was acquired by Naspers Group in May 2013 but the founder remained its CEO until 2014.

His professional career started in 2005, at KPMG which employed him as a senior accountant. In 2008, he joined Rand Merchant Bank as an investment banker. In the following years, he assumed the same position at Goldman Sachs before returning to Rand Merchant Bank, in 2010, as a structured finance specialist.

Melchior Koba


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