Winner of the 2020 FinTech Awards for Best Small Business Funding Solution in South Africa. Merchant Capital was established in 2012 as a provider of alternate sources of working capital, designed specifically for SMEs in South Africa. In early 2013, Merchant Capital worked closely with the leading cash advance provider in the US - a company that has provided over $1.2 Billion in funding to over 20,000+ US businesses. Later in 2013, the Capricorn Capital Group invested in Merchant Capital. Capricorn Capital Group is associated with the broader Yellowwoods Group, which includes Hollard Insurance, Clientèle, Nando’s and Direct Axis. Its investment in Merchant Capital adds great value to the team as the shareholder of reference, bringing many years of success in financial services and lending.