Growth Factor Technologies is a fintech company that provides trade financing solutions that are catered for Micro-Small/Medium Entities (MSMEs) in order to encourage financial inclusion and growth.
Due to poor credit, lack of credit history, collateral and other bureaucracies in the credit system, many small businesses aren’t able to access finance in order to efficiently run and expand their businesses. This leads to loss of productivity which then reduces the SMEs ability to compete for their share in the market. This ultimately results in business failure, job losses and poor economic performance.
One of the ways we are tackling this liquidity gap is through our flagship product Nvoicia, which solves the problem of cash flow issues caused by late payments, by enabling Small/Medium Enterprises to get paid in 24hrs when dealing with credit clients.
MEST Africa, in partnership with Make-IT in Africa, is pleased to announce the first cohort of the Tech By Her accelerator program. The initiative,… read more