Frequently Asked Questions

Frequently Asked Questions

Fundrr is a financial technology company that uses algorithms to assess businesses as a whole and therefore able to provide quick and cheap capital and help SMEs in South Africa.

Fundrr uses technological innovation, which gives us the upper hand in providing small businesses with quick and cheaper loans. Our biggest advantage is that what you see is what you pay. We have no hidden fees, no origination fees, no legal fees. Fundrr allows small businesses to get an answer the same day and access to capital in 24 hours. We are one of the only flexible small business lenders and repayments can be made daily, weekly, bi-monthly or monthly.

Applying is free of charge and there is no commitment or obligations to take the funds.

Fundrr provides financing solutions that vary from 3 to 12 months loans. The fees are caclulated based on the duration of the loan.

 

For example, if you borrow R100,000 you can expect to repay back R117,000 over 6 months depending on your Fundrr Score assessment. Each business is scored individually and assessed as a whole.

Fundrr will enter into an agreement with the lendee to repay back an agreed upon amount every day, week or month that best suits the lendee’s cash flow. These funds will be debitted from the lendee’s account until the final amount has been settled.

Fundrr will NOT charge you a penalty for settling your loan early. In fact, if you want to settle your loan early, you will save money.

We take safety and security very seriously. We will, at no point, have access into your information or your bank account.

 

All information entered on the website is secured by an SSL certificate and is stored safely.

 

Fundrr cannot access your personal information and cannot alter any information thereafter

In order for Fundrr to assess your business, we need to reveiw your cash flow and bank statement data. This allows us to assist businesses that will not usually be serviced by formal financial institutions.

Upon written consent, Fundrr will be able to access the business’s and the directors credit score. All credit checks are done by Compuscan (Pty) Ltd.

© 2020 Fundrr (Pty) Ltd
2 Merchant Place
Fredman Drive
Sandown, Sandton
Johannesburg

*All loans are issued by Fundrr (Pty) Ltd and are subject to terms and conditions

© 2020 Fundrr (Pty) Ltd
2 Merchant Place
Fredman Drive
Sandown, Sandton
Johannesburg

*All loans are issued by Fundrr (Pty) Ltd and are subject to terms and conditions