About RainFin
RainFin is an online lending platform for personal and business loans of upto R500,000 for a tenure of 1-4 years. It allows members to upload their loan application on the platform and withdraw the funds once investors have committed to 40 of their funding requirements. The platform allows individual and institutional investors to invest on its platform with a minimum investment of R100. It charges borrowers an initiation fee of 2.85 of the loan amount that is paid upon the issuance of the loan and charges lenders a service fee of 1.14 of the offered amount.
- Headquarter Somerset West, South Africa
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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Funding Insights of RainFin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RainFin
RainFin has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lebashe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment group specializing in financial services and technology media telecommunications sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RainFin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RainFin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rainfin Comparisons
Competitors of RainFin
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rainfin
Frequently Asked Questions about RainFin
When was RainFin founded?
RainFin was founded in 2010.
Where is RainFin located?
RainFin is headquartered in Somerset West, South Africa. It is registered at Somerset West, Western Cape, South Africa.
What does RainFin do?
RainFin is an online lending platform for personal and business loans of upto R500,000 for a tenure of 1-4 years. It allows members to upload their loan application on the platform and withdraw the funds once investors have committed to 40 of their funding requirements. The platform allows individual and institutional investors to invest on its platform with a minimum investment of R100. It charges borrowers an initiation fee of 2.85 of the loan amount that is paid upon the issuance of the loan and charges lenders a service fee of 1.14 of the offered amount.
Who are RainFin's investors?
RainFin has 1 investor. Key investors include Lebashe.