Fundraising Fox

Lula

South Africa, ZA · 5 known investors

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 WelmaninCo-founder and CTO

Investors · 5

AccionWashington, D.C. · $1M
Green Circle Foodtech VenturesreportedNew York · $500K – $2M
NZVCreported · 2 sourcesAuckland
Outlander VCreportedNew York · $500K – $2.5M
UP Partnersreported · 2 sourcesSanta Monica · $1M – $10M

In the news

Lula Must Tackle Fiscal Woes If Reelected, Finance Chief Says - Bloombergbloomberg.com · Aug 2026Lula fiscal package 2027: What investors should know | The Rio Timesriotimesonline.com · Aug 2026Philadelphia startup Lula Commerce lands $8M investment led by Main Line firm - Philadelphia Business Journalbizjournals.com · Oct 2025Online business platform Lula Commerce raises $8M Series Atechnical.ly · Oct 2025Lula Commerce Raises $8 Million Series A to Power the Next Generation of Digital Retailfinance.yahoo.com · Oct 2025

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, Green Circle Foodtech Ventures, NZVC, Outlander VC, UP Partners.
Where is Lula headquartered?
Lula is headquartered in South Africa, ZA.