Telkom Fintech

Telkom Business has announced today the launch of Telkom Lend, a new service to enable small businesses to apply online for funding and get an answer within 24 hours. Telkom says that Telkom Lend is an end-to-end digital process means no paperwork, no long queues and no waiting for a response from a financial institution. This marks a further fintech option by the South African telecom. “Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral,” says Sibusiso Ngwenya, ME, Telkom Financial Services. “This also means that businesses take control of their payments. With funding offers ranging from R20,000 ($1,200) to R5-million ($300,000) depending on monthly turnover, funding can be paid back ov...