ZAR 95 M
Sole Advisor and Arranger
Verdant Capital acted as sole financial advisor and sole arranger to Retail Capital
Debt Capital Raise
Verdant Capital has raised approx. ZAR 95 million (USD 7.5 million) equivalent in local currency debt financing for Retail Capital from the leading international specialist investors for the expansion of its loan book. This is the first of Retail Capital’s fund-raising programme with international investors.
Retail Capital was founded in 2011 and is headquartered in Cape Town with other offices in Johannesburg and Durban. It is the leading and first Merchant Cash Advance (MCA) provider in the South African SME market.