About Lula
Lula is a company based in Cape Town (South Africa) founded in 2014 by Trevor Gosling and Neil Welman. It operates as a FinTech and Usage + Subscription Mix. Lula has raised $41.5 million across 6 funding rounds from investors including International Finance Corporation, Accion and Quona. Lula offers products and services including Revolving Capital Facility, Capital Advance, Lulapay, and Business Banking Account. Lula operates in a competitive market with competitors including Retail Capital, WesBank, Bridgement, FundingHub and EVVA Finanzas, among others.
- Headquarter Cape Town, South Africa
- Founders Trevor Gosling, Neil Welman
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Lula Lend (Pty) Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$41.5 M (USD)
in 6 rounds
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Latest Funding Round
$20 M (USD), Debt – Conventional
Feb 04, 2026
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Investors
International Finance Corporation
& 10 more
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Employee Count
Not available
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Products & Services of Lula
Lula offers a comprehensive portfolio of products and services, including Revolving Capital Facility, Capital Advance, Lulapay, and Business Banking Account.
Flexible funding is provided for SME working capital needs.
Fixed funding is offered with clear repayment terms for SMEs.
Instant payment is enabled for SMEs with customer terms.
Digital banking accounts are provided for SME financial management.
People of Lula
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Funding Insights of Lula
Lula has successfully raised a total of $41.5M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Lula
Lula has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, Accion and Quona.
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IFC is focused on private sector development in emerging markets.
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Diversified investment portfolios are managed for various clients.
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Investments are directed toward growth-stage companies generating scalable impact.
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Investor details for Lula
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Investments & Acquisitions by Lula
Investment portfolio details for Lula
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Financial Statements - Lula
Detailed financials for Lula
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Lula Comparisons
Peer comparison for Lula
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Competitors of Lula
Lula operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Retail Capital, WesBank, Bridgement, FundingHub and EVVA Finanzas, among others.
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Flexible unsecured funding is offered to small and medium enterprises.
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Operates a digital hub for consumer and business loan services.
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Online invoice financing platform
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SMEs are connected to lenders via a business finance marketplace.
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Digital banking services are offered to startups and businesses.
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Detailed competitors of Lula
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Latest news on Lula
Complete news archive for Lula
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Frequently Asked Questions about Lula
Lula was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Lula is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Trevor Gosling is the current CEO of Lula. They have also founded this company.
Lula is a funded company, having raised a total of $41.5M across 6 funding rounds to date.
Innovative fintech products are developed by Lula to support SMEs with cash flow management. Business funding solutions, such as Revolving Capital Facility and Capital Advance, are offered alongside fully digital banking accounts. Services are tailored for the SME sector in South Africa, ensuring fast access to capital and easy financial management tools. Partnerships with leading financial institutions like Access Bank are maintained to enhance service delivery.
Lula's top competitors include Retail Capital, Bridgement and PeuEntle.
Lula offers Revolving Capital Facility, Capital Advance, Lulapay, and Business Banking Account.
Lula has 11 investors. Key investors include International Finance Corporation, Accion, Quona, Lightrock, and Lendahand.