Olivia Zank

Year
2018
Company
BeneFactors
Website
https://www.benefactorsltd.com
Country
Rwanda
Founded
2017
Employees
2
Vertical
finTech

BeneFactors provides factoring and purchase order finance, allowing SMEs to leverage their buyers’ creditworthiness to access finance.

BeneFactors is a Rwandan non-bank financial institution established August 2017. We specialize in providing unsecured working capital for SMEs in the ‘missing middle’. We fill a gap in the formal market currently filled by informal loan sharks which are predatory. We have factored more than 150 invoices since August 2017. Having completed pilots, we are looking to scale, reaching especially rural areas and agribusinesses.

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