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Johannesburg lender offering trade finance for small businesses, letting them pay suppliers upfront and repay in installments.
Founded in 2016 by Eli Michal and headquartered in Johannesburg, South Africa, Payabill (Pty) Ltd provides digital lending for small businesses, mainly in civil construction and machinery, so they can pay local and international suppliers upfront. Loans range from ZAR 5,000 to ZAR 1,000,000, repaid weekly, fortnightly or monthly, and transaction fees are its main revenue. In February 2019 it secured venture funding led by Sasfin Private Equity. It is at Seed stage.
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