What Sourcefin does

Sourcefin is a Johannesburg-headquartered South African fintech founded in 2020 that provides purchase order funding and invoice discounting to small and medium-sized enterprises (SMMEs) across all nine South African provinces. The company addresses the working-capital gap that prevents SMMEs from fulfilling confirmed purchase orders or waiting out long government and corporate payment cycles by paying suppliers directly (for PO funding) or advancing cash against unpaid invoices. Deal sizes range from R250,000 to R100 million, with the company claiming R2.8 billion+ deployed to more than 2,000 SMMEs since inception and a 100% delivery rate on funded deals.

The company's core technology is a deal-based financing assessment platform with automation for credit qualification and approval, integrated with a globally vetted network of 2,000+ suppliers that supports sourcing and logistics for SMMEs lacking supplier relationships. Beyond its two core financing products, Sourcefin operates TenderCentral (a free government tender intelligence platform) and an affiliate partner programme, and publishes The Sourcefin Brief weekly newsletter. Revenue is generated on a transaction-fee basis: a percentage of order value for PO funding and a transparent upfront discount on the advance amount for invoice discounting. Distribution combines direct online application, inside-sales deal-team engagement, and an affiliate channel. The company is led by director Joshua Sasha Kadish and information officer Marom Mishan, with 11–50 employees and institutional backing from Futuregrowth Asset Management following an $8.2 million raise in January 2025.

Name

Sourcefin

Legal name

Sourcefin (Pty) Ltd

Website

https://sourcefin.co.za

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Sourcefin is a South African fintech providing purchase order funding and invoice discounting to SMMEs with confirmed orders or unpaid invoices. Founded in 2020 in Johannesburg, it has deployed over R2.8 billion across 2,000+ businesses.

Ownership category

akta.pro rank

Product category

SMME Working Capital Financing

NAICS

Nondepository Credit Intermediation (5222)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

akta.pro secondary industry

Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD)

Keywords

• Purchase order funding
• Invoice discounting
• SMME financing
• Tender funding
• Working capital loans

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Purchase Order Funding Fees: Transaction-based financing where Sourcefin takes a percentage of the order value as a fee. Sourcefin pays suppliers directly, receives payment from customer settlement, and takes their advance plus a small fee while the SMME keeps the profit. Not a traditional loan.
2. Invoice Discounting Discount Cost: Discount cost on the advance amount agreed upfront and transparent. There is no separate service fee. Pricing reflects the credibility of the customer paying the invoice, the invoice value, and the expected payment terms.
3. Selective and Whole-Turnover Facilities: Flexible structures allowing SMMEs to either choose specific invoices to fund (selective/spot) or have entire receivables book funded on rolling basis (whole-turnover). Whole-turnover typically offers better per-invoice pricing due to volume predictability.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Sourcefin is a South African fintech that provides purchase order funding and invoice discounting to SMMEs. For purchase order funding, Sourcefin pays suppliers directly so businesses can fulfill confirmed orders, with repayment collected from customer settlement. For invoice discounting, it advances cash against unpaid invoices from government or private clients, providing working capital while waiting for customer payment.

Product overview

Sourcefin is a South African fintech offering two core financing products: Purchase Order Funding and Invoice Discounting. Purchase Order Funding provides specialist, end-to-end funding where Sourcefin pays suppliers directly to enable SMMEs to fulfill confirmed orders, with repayment from customer payment upon delivery. Invoice Discounting offers short-term funding against unpaid invoices, allowing businesses to access cash tied up in receivables. The company also operates TenderCentral (a free government tender intelligence platform), an Affiliate Partner Programme for brand ambassadors earning commission on deals, and publishes The Sourcefin Brief weekly newsletter for SMME intelligence. The platform serves SMMEs across South Africa with deal sizes typically starting at R250,000.

Differentiator

Problem solved

Functional benefit

Brands

• TenderCentral: A free government tender intelligence platform developed to enable SMMEs to find, track and apply for the latest public sector tenders across municipal, local and national government.

Products and services

• Purchase Order Funding Specialist financing solution that provides South African SMMEs with capital to fulfill confirmed purchase orders. Sourcefin pays suppliers directly so businesses can deliver on orders, with repayment made from the customer payment upon completion. Pricing is a percentage fee on the order value rather than a traditional loan.
• Invoice Discounting Short-term funding solution that allows South African SMMEs to access cash tied up in unpaid invoices from government or private clients. Businesses receive a portion of invoice value upfront instead of waiting 30-90 days for customer payment. Available as selective (spot) or whole-turnover facilities, with discount cost on the advance agreed upfront and no separate service fees.
• TenderCentral Free government tender intelligence platform developed to enable South African SMMEs to find, track and apply for public sector tenders. Provides access to municipal, local and national government tenders with advanced filters and reminders, positioning Sourcefin as the funding partner for won tenders.

Quantifiable outcome

• R2.8 billion deployed to South African SMMEs since 2020
• +6 more outcomes

Named customers6 records

Segments4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• NSBC AfricacoreGTM or Marketing PartnerNational Small Business Chamber Africa partner. Sourcefin recognised as NSBC Funder of the Year 2026. Partnership provides access to NSBC network and credibility endorsement.
• Affiliate PartnerscoreChannel Partner/ Reseller/ DistributorExternal brand ambassadors representing Sourcefin as an external sales force, leveraging networks to find leads or support deals. Partners earn unlimited commission on successful deals and track referrals in real time.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Lulalend: Lulalend is a South African digital lender providing working capital loans and credit lines to SMMEs. It is the most direct domestic competitor to Sourcefin, targeting the same underserved SMME segment with online application and fast funding.
• Bridgement: Bridgement is a South African fintech offering invoice financing to SMMEs. It directly competes with Sourcefin's invoice discounting product, providing advances against unpaid invoices from creditworthy debtors.
• MarketFinance (now Tymit): MarketFinance is a UK-based fintech providing invoice discounting and supply chain finance to SMEs. Its invoice financing and business lending products are closely aligned with Sourcefin's purchase order funding and invoice discounting model.
• BlueVine: BlueVine is a US-based fintech offering invoice factoring and lines of credit to small businesses. Its invoice financing product directly parallels Sourcefin's invoice discounting offering.
• C2FO: C2FO is a global working capital platform that connects businesses with supply chain financing through accelerated payments. Its B2B marketplace model for early payment on invoices is comparable to Sourcefin's invoice discounting and PO funding products.

Broad incumbents

• Funding Circle: Funding Circle is a global online small-business lending platform operating in the UK, US, and Europe. It is a broad incumbent in the digital SME lending space, providing term loans and working capital products comparable to Sourcefin's offerings.
• Bibby Financial Services: Bibby Financial Services is a global invoice finance and factoring provider operating across multiple geographies. It is a broad incumbent offering invoice discounting and supply chain finance products comparable to Sourcefin's core offerings.
• Taulia: Taulia is a supply chain finance platform (now part of SAP) providing working capital solutions including invoice financing and dynamic discounting. It is a broad incumbent in supply chain finance comparable to Sourcefin's purchase order funding model.
• OnDeck Capital: OnDeck is a US-based online small business lender providing working capital loans and lines of credit. It is a broad incumbent in digital SME lending, comparable to Sourcefin's transaction-based funding model.

Regional players

• Kickstart (South Africa): Kickstart provides SMME finance and support in South Africa, including business loans and development finance. It targets the same SMME segment as Sourcefin with a development-finance lens rather than pure commercial underwriting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sourcefin_

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sourcefin