‘Fintech to help True Impact Fund distribute R1bn at zero management fees’ – Ventureburn

A new fund aims to use a fintech platform to disburse R1-billion to 2000 small businesses over the next three years which will allow it to charge not a single cent in management fees, claims True Impact executive director Justin Naidoo.

Despite this, the funding may not necessarily come cheap for small businesses — who it seems will be still be charged in other ways for borrowing the money.

True Impact, a consultancy that specialises in enterprise and supplier development (ESD) solutions for corporates, is headed by Siva Moodley (