SA Fintech Thumeza Aims To Provide Innovative Data Powered Financing
SA Fintech Thumeza Aims To Provide Innovative Data Powered Financing. Thumeza is a fintech company that provides data powered financing for the logistics sector. The company is headquartered in Johannesburg, South Africa.
Thumeza has been active in the logistics industry for the past 4 years, having started out as a last mile service provider. The company transitioned to a freight centric platform connecting small scale transporters to large enterprises with goods to be moved. It has experienced the joys of landing a large client and the lows of realizing it can’t afford to service their load. This realization is what led to the company’s eventual transition to providing working capital financing to the logistics industry.
Lack of access to credit adversely affects hundreds of thousands of transporters, large and small enterprises who depend on them across the continent. This means that as a small scale transporter, options for quick access to assistance are extremely limited should they get a post-paid trip, have a breakdown in transit, need to pay for insurance or simply need to service their vehicle and meet other day to day operational needs.
Throughout these transitions one thing has remained the same – the company’s dedication towards working with small scale transporters. This hands on experience has lead its drive to provide empathetic alternative financing solutions powered by data, generated by their day-to-day operations, for what they and their business need to grow.
As a company that was previously a logistics aggregator, Thumeza is extremely empathetic of the challenges faced by transporters. The company treats each client separately with the attention they deserve to come up with a tailor made solution best suited for their needs.
