Lula
Latest round
- Series B
Last raised
- Feb 2023
Total raised
- $41M
Investors
- 8
About Lula
Based in Cape Town, South Africa, and founded in 2014, Lula Lend (Pty) Ltd. operates as a provider of an online lending platform for small and medium enterprises. The company was founded by Trevor Gosling and Neil Welman. Gosling also founded an e-commerce venture, 5ounces, which was acquired by the Naspers group in 2013. Welman has worked in the Investment Banking industry in London for over 10 years. The company offers an online platform where SMEs (Small and Mid-size Enterprises) can apply for loans. Once the application is approved, the SME may choose their desired payment schedule. The company generates its revenue by providing lending services to SMEs with a monthly cost of 2% to 6% of the amount borrowed.
Who invested in Lula
8 investors across 2 rounds
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Questions about Lula
Who invested in Lula?
Lula has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lula raised?
Lula has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Lula last raise money?
Lula's most recent round on record is a Series B, in Feb 2023.
What does Lula do?
Based in Cape Town, South Africa, and founded in 2014, Lula Lend (Pty) Ltd.
Where is Lula headquartered?
Lula is headquartered in Cape Town, South Africa.
Which VCs invest in companies like Lula?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Lula's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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