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* The Problem * Our Mission * The Platform * Contact Select Page * The Problem * Our Mission * The Platform * Contact Market Connexion Our mission is to connect small businesses to the funds they need to succeed. Overview Small businesses are key to South Africa’s growth, but often they cannot get timely access to the funding they need to succeed. Market Connexions aims to drive sustainable and inclusive economic growth for these companies, by providing them with support and financing through a single platform. The aspiration is to deliver a lending marketplace that truly connects all the various parties needed to make loan applications by SMEs both seamless and personalised through data. SMALL BUSINESSES WILL BE VITAL TO POST-PANDEMIC RECOVERY* In the wake of COVID-19, the South African economy needs urgent recovery; SMEs have a key part to play, because they offer job creation, inclusive growth, and consumer-led GDP growth. FUNDING ACCESS BIGGEST NEED* Despite their key role, SMEs continue to have limited access to credit, even with the government’s recent Loan Guarantee Scheme (LGS) – opening the gap for innovation in addressing ecosystem challenges. BANK LENDING TO SMALL BUSINESSES IS FALLING* Commercial bank’s lending to small business is slowing – and this has only been accentuated by COVID-19. South Africa is significantly behind many emerging market peers globally in lending to small businesses. CURRENT BANK CREDIT-SCORING MODELS EXCLUDE MANY SMALL AND MEDIUM-SIZED ENTERPRISES.* Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. SMALL BUSINESS CREDIT ACCESS LAGS IN SOUTH AFRICA* South Africa is significantly behind many emerging market peers globally in lending to small businesses. SMALL BUSINESSES WILL BE VITAL TO POST-PANDEMIC RECOVERY* In the wake of COVID-19, the South African economy needs urgent recovery; SMEs have a key part to play, because they offer job creation, inclusive growth, and consumer-led GDP growth. FUNDING ACCESS BIGGEST NEED* Despite their key role, SMEs continue to have limited access to credit, even with the government’s recent Loan Guarantee Scheme (LGS) – opening the gap for innovation in addressing ecosystem challenges. BANK LENDING TO SMALL BUSINESSES IS FALLING* Commercial bank’s lending to small business is slowing – and this has only been accentuated by COVID-19. South Africa is significantly behind many emerging market peers globally in lending to small businesses. SMALL BUSINESS CREDIT ACCESS LAGS IN SOUTH AFRICA* South Africa is significantly behind many emerging market peers globally in lending to small businesses. CURRENT BANK CREDIT-SCORING MODELS EXCLUDE MANY SMALL AND MEDIUM-SIZED ENTERPRISES.* Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. BANKS AND ALTERNATIVE LENDERS FACE COMMON CHALLENGES IN MEETING SME'S FUNDING LIFECYCLE NEEDS Incomplete applications 55% of applications require further info enquiries Non-viable businesses >80% application rejection rate due to marginal business cases High customer acquisition costs 14 days required to process, approve and disburse pushes up costs Loan facility maintenance costs High cost of account maintenance versus revenue due to regulation Incomplete applications 55% of applications require further info enquiries Non-viable businesses >80% application rejection rate due to marginal business cases High customer acquisition cases 14 days required to process, approve and disburse pushes up costs Loan facility maintenance costs High cost of account maintenance versus revenue due to regulation INTRODUCTION VIDEO Our 5 minute overview on Market Connexion and the power of our platform to solve how small businesses better access to funds they need to succeed. “In light of the current economic crisis brought on by the pandemic, the need for easy-access funding for South African SMEs is imperative.” Ntlai Mosiah, Founder of Market Connexion “In light of the current economic crisis brought on by the pandemic, the need for easy-access funding for South African SMEs is imperative.” Ntlai Mosiah, Founder of Market Connexion Our Mission ARCHIVES CATEGORIES * No categories META * Log in * Entries feed * Comments feed * WordPress.org * Facebook * Twitter * Instagram * RSS Designed by Elegant Themes | Powered by WordPress