According to their website, the awards celebrate small and medium-sized businesses that have excelled in their respective markets over the past 12 months. Fundrr was nominated to the award by public vote and positive feedback from clients, previous accreditations, and recognition. The judges base their decision-making on the quality of the product, innovative practices, services provided, ethical and sustainable operations, and consistency of performance.
Fundrr was founded in 2018 by Idan Jaan (CEO) and Jared Noche (CFO). During the pandemic lockdown, the fintech startup offers to all South African businesses across all industries provided they can show a 12-month revenue track record and prove R1 million asset turnover volume. Fundrr distinguishes itself from other loan issuing entities by offering early repayment incentives that specify the loan amount, duration of repayment, and amount of repayment without any fees upfront. Sometime early this year Fundrr partnered with Telkom to launch a capital fund.