How UsPlus Seeks To Grow The Local Economy Through The SMME Sector
How UsPlus Seeks To Grow The Local Economy Through The SMME Sector. Since 2015 UsPlus has been operating as a fintech business focusing on the provision of flexible working capital solutions to the SME sector in South Africa, whilst being guided by a developmental agenda.
With an emphasis on SME’s, UsPlus has done so through the purchasing of transferable instruments (such as invoices, purchase orders and contracts) issued by or to its clients together with additional strategic support to at no additional cost. UsPlus was created to improve the competitiveness of SMEs enhancing their ability to (1) meet the procurement requirements of large multinational/local corporations, government and state-owned enterprises and (2) improve access to finance for SMEs with limited access to finance.
The company’s aim is to help grow the local economy by assisting the vital SMME sector. It has a specific focus on re-industrialisation, export markets, sustainable food production and water conservation. Through proactive engagement with its client’s it aims to facilitate:
- The re-industrialisation of the economy
- The promotion of import substitution
- Manufacturing of recycled materials
- Scientific and environmental research
- The expansion of South Africa’s Space capabilities
- The provision of affordable healthcare to township communities
- Environmentally sustainable food production
UsPlus provides working capital finance solutions to local businesses across 43 different industries including, but not limited to, primary agriculture, agro-processing, heavy manufacturing, logistics, media & film production and highly specialised engineering. As a matter of principle, UsPlus ascribes to the International Finance Corporation’s Investment code and are strongly driven by a sustainable developmental agenda.
The company provides bespoke working capital finance solutions by providing tailor made invoice discounting/factoring solutions which gives a growing business access to money tied up in its debtor’s book. In doing so, it makes money available to the business when it needs it, as it grows, thereby enabling it to take advantage of pressing growth opportunities.
