Browsing: RainFin

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Online peer lending could boost SMEs

Speaking in parliament recently, trade & industry minister Rob Davies complained that “developmental credit”, the kind used to start or sustain a small business, for example, “hardly features” in South Africa. Instead, in the wake of African Bank’s collapse, the focus has been on the evils

In-depth
Challenge to banks as lending goes social

South Africans have been doing it for generations. Social lending, familiar to many in the form of groups like stokvels, has been a hallmark of how many people make do, outside of formal financial networks. Thanks to the Web however, social lending, also known as peer-to-peer (P2P) lending, has begun to take off in developed countries

News
Barclays buys into start-up RainFin

RainFin, a start-up promising to disrupt the financial services sector by allowing credit-worthy South Africans to engage in person-to-person lending, cutting out the banks in the process, has sold 49% of its equity to … a bank. The Cape Town-based company has sold the equity to Barclays Africa for an

News
RainFin: loans without banks

RainFin hopes to disrupt SA’s financial services sector by allowing credit-worthy South Africans to engage in person-to-person lending, cutting out banks in the process and offering higher returns to lenders and better interest rates to borrowers. Sean Emery, cofounder and CEO of RainFin