Telkom has teamed with Bizcash to provide small and medium-sized enterprises with financial solutions, helping them to grow and flourish in their respective industries. This program is a collaborative effort between the two organizations to assist SMEs in recovering from the effects of the pandemic on the business environment and to increase the country’s economic performance.
Telkom is a landline and wireless telecommunications company that operates in more than 38 African nations. The telecoms provider has collaborated with BizCash, one of the country’s premier fintech businesses, to provide SMEs with the business tools they need to thrive in today’s challenging business environment.
Prior to the collaboration, both organizations were actively committed to aiding SMEs with both funds and business tools. Bizcash has helped over 494 enterprises and distributed over R628 million to SMEs. Its financial solutions assist businesses in managing cash flow and capitalizing on opportunities as they arise.
Telkom identified this effort as the company’s long-term ambition, in collaboration with Bizcash, to provide SMEs with the information and business tools they need to excel in the face of the pandemic’s difficulties.
“Telkom Business and Bizcash have joined forces to guarantee that small and medium-sized enterprises have access to the financial tools and information they need to successfully weather the pandemic’s risks,” Telkom Business said.
Telkom’s representative also emphasized the significance of facilitating the growth and success of the country’s SMEs. “The issues faced by SMMEs have a substantial impact on our economy because these enterprises employ more than half of South Africa’s workforce.”
In response to the agreement, Bizcash stated that their initiative with Telkom will undoubtedly boost the performance of SMEs in the country since they will provide them with vital information to capitalize on that most may not be aware of.
“Telkom Business partnered with Bizcash because their missions are similar: to not only educate South Africa’s SMEs, but also to provide them with information about alternative financing options that are available, as many SMEs are unaware of the various options in the market,” said a BizCash representative.
“The collaboration will also assist these firms in increasing their cash flow and allowing them to use the funds to build their business,” Bizcash noted.
Selective invoice solutions, company loans, and overdrafts are among the solutions to be offered to SMEs.