Sourcefin and the Black Management Forum announce three-year partnership

The Black Management Forum (BMF) and Sourcefin have signed a three-year partnership aimed at enhancing access to financial resources and promoting sustainable enterprise development. The partnership combines the solution driven strategy of the BMF and Sourcefin’s innovative funding solutions.

South Africa relies heavily on the economic opportunities that small businesses provide,” says Jordan Hertz, Chief Commercial Officer at Sourcefin. “Yet the same SMMEs are often prohibited from access to funding because of a lack of financial history and exclusionary credit decisioning methodologies. At Sourcefin, we look forwards, providing funding based on the opportunity of the SMME, and work closely with them to deliver on deals as they grow their businesses.”

In just four years, Sourcefin says it has deployed almost R2-billion to South African SMMEs and assisted over 1000 small businesses through financial support and strategic public-private partnerships.

The BMF is recognised for its role in driving policy discourse and advocacy events, facilitating discussions, and connecting business leaders, thought leaders, and changemakers. While the organisation has access to financially constrained SMEs and startups, it often lacks the resources to support them all. Sourcefin’s involvement presents an opportunity to bridge this gap by offering necessary and relevant funding solutions designed to help these businesses overcome financial challenges and achieve sustainable growth.

“This partnership marks a pivotal moment in our collective efforts to empower South African SMMEs with the financial support they need to thrive. Through this collaboration, we are not just signing an agreement - we are committing to a future where SMMEs are at the forefront of driving inclusive economic growth, job creation, and meaningful socioeconomic transformation for our nation," Mpho Motsei, President of the BMF concludes.