Retail Capital

Founded by : Karl Westvig
Launch / Founded : 2011
Industries : Finance, FinTech
Founded in : South Africa
Operating in : South Africa
Region : Southern Africa

Introduction / Background

Retail Capital was founded to give a more accessible, flexible, and convenient alternative to traditional business loans.

Retail Capital was founded in January 2011 to offer businesses a more accessible, flexible, and convenient alternative to traditional company financing. Access to working capital and cash flow was highlighted as the single top difficulty faced by almost 20,000 firms in a survey. Because small and medium-sized businesses account for over 65 percent of employment and 50 percent of GDP in South Africa, this is a major challenge for the country’s economy, preventing job creation and growth.

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