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Lula

South Africa, ZA · 6 known investors

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Lula offers short-term business funding solutions to South African SMEs through online applications, including a revolving Cash Flow Facility and fixed-term funding products up to R5 million. The company uses real-time transaction data and business performance analytics to assess creditworthiness, without requiring collateral or extensive paperwork.

FintechSaaS

Founders & leadership

NW
Neil WelmanCo-founder and CTONeil Welman has worked in financial services with expertise in credit risk, trading systems, and software development. He holds a Bachelor of Science in Chemical Engineering from the University of the Witwatersrand.

Investors · 6

Quona Capitallisted by Quona CapitalWashington · $5M

How we know: Quona Capital's portfolio page · Not right? Tell us

Green Circle Foodtech VenturesreportedNew York · $500K – $2M

How we know: press coverage · Not right? Tell us

NZVCreportedAuckland

How we know: funding news · press coverage · Not right? Tell us

Outlander VCreportedNew York · $500K – $2.5M

How we know: press coverage · Not right? Tell us

UP PartnersreportedSanta Monica · $1M – $10M

How we know: funding news · press coverage · Not right? Tell us

Frequently asked questions

What does Lula do?
Lula offers short-term business funding solutions to South African SMEs through online applications, including a revolving Cash Flow Facility and fixed-term funding products up to R5 million. The company uses real-time transaction data and business performance analytics to assess creditworthiness, without requiring collateral or extensive paperwork.
Who founded Lula?
Lula was founded by Neil Welman.
Who are Lula's investors?
Lula's investors include Accion, Quona Capital, Green Circle Foodtech Ventures, NZVC, Outlander VC, UP Partners.
Where is Lula headquartered?
Lula is headquartered in South Africa, ZA.