Sum1 Investments (Pty) Ltd
What does your company do?
We help Stokvels invest in their local community (township and rural businesses) through asset financing.
What is your biggest success?
We have been recognised by World Bank, Standard Chartered, Motsepe Foundation and Allan Gray Orbis Foundation for our work in fintech and making finance more accessible
The greatest achievement is helping our Stokvels to grow their funds which they use to achieve their financial goals.
What has been your biggest hurdle?
Building Trust: One of the biggest hurdle thus far has been building relationships and trust with Stokvels. It’s a gradual transition and not an overnight acceptance.
Regulation & Compliance: It took a while to get FSCA approval and now we have to manage ongoing reporting and audits to stay complainant. perception
